https://www.taxtmi.com/circulars?id=68396 Seized cash is to be applied against liabilities already determined by assessment, penalty or interest arising from search proceedings and does not include the additional tax and interest payable on income declared in an application before the Income Tax Settlement Commission, since that amount must be paid on or before filing and therefore is not an existing liability for the purpose of applying seized cash. en-us Mon, 07 Apr 2014 00:00:00 +0530 Wed, 02 Apr 2025 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68396 Seized cash is to be applied against liabilities already determined by assessment, penalty or interest arising from search proceedings and does not include the additional tax and interest payable on income declared in an application before the Income Tax Settlement Commission, since that amount must be paid on or before filing and therefore is not an existing liability for the purpose of applying seized cash. Circulars Income Tax Mon, 07 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68396