https://www.taxtmi.com/circulars?id=68326 Seized assets shown in regular books may be released subject to recovery of arrears. Jewellery and perishable stocks can be released if an unconditional irrevocable bank guarantee for the full value, as valued by the Income-tax Department, is furnished; the guarantee must remain valid until completion of assessment proceedings and tax collection and may be enforced by the Department at any time. Assets with specific evidentiary value shall not be released until prosecution proceedings conclude. en-us Tue, 02 Feb 1999 00:00:00 +0530 Fri, 28 Mar 2025 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68326 Seized assets shown in regular books may be released subject to recovery of arrears. Jewellery and perishable stocks can be released if an unconditional irrevocable bank guarantee for the full value, as valued by the Income-tax Department, is furnished; the guarantee must remain valid until completion of assessment proceedings and tax collection and may be enforced by the Department at any time. Assets with specific evidentiary value shall not be released until prosecution proceedings conclude. Circulars Income Tax Tue, 02 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68326