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<h1>Income Tax Officers Must Coordinate with Enforcement Agencies for Assessments Involving Seized Assets to Avoid Conflicts with FERA Actions.</h1> The circular emphasizes the necessity for Income Tax Officers (ITOs) to coordinate with other enforcement agencies, such as the Enforcement Directorate, when dealing with assessment proceedings involving seized assets. It highlights a case where an ITO completed assessments without consulting the Enforcement Directorate, potentially conflicting with actions under the Foreign Exchange Regulation Act (FERA). The circular instructs ITOs to verify outcomes of actions taken by sister departments before concluding assessments to ensure decisions are not detrimental to enforcement actions under other economic laws. This instruction is to be communicated to all relevant officers.