https://www.taxtmi.com/forum/issue?id=4910 Seized cash cannot be treated as advance tax until adjudication and release procedures under Section 132B are followed. The person from whose custody assets were seized must apply within thirty days from the end of the seizure month; if the Assessing Officer is satisfied and required approvals are obtained, liabilities may be recovered from the asset and any remainder released, otherwise confiscation may occur. en-us Tue, 06 Nov 2012 11:30:20 +0530 Thu, 23 Jan 2025 15:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4910 Seized cash cannot be treated as advance tax until adjudication and release procedures under Section 132B are followed. The person from whose custody assets were seized must apply within thirty days from the end of the seizure month; if the Assessing Officer is satisfied and required approvals are obtained, liabilities may be recovered from the asset and any remainder released, otherwise confiscation may occur. Discussion-Forum Income Tax Tue, 06 Nov 2012 11:30:20 +0530 https://www.taxtmi.com/forum/issue?id=4910