https://www.taxtmi.com/caselaws?id=781594 ITAT allowed appropriation of cash seized during search toward the assessee's self-assessment tax liability for F.Y. 2023-24, holding such liability qualifies as an existing liability under s.132B of the Act. The tribunal followed precedent and permitted the revenue to apply the seized funds against the self-assessment tax, and consequently allowed all grounds of appeal advanced by the assessee. en-us Fri, 31 Oct 2025 00:00:00 +0530 Thu, 13 Nov 2025 12:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781594 ITAT allowed appropriation of cash seized during search toward the assessee's self-assessment tax liability for F.Y. 2023-24, holding such liability qualifies as an existing liability under s.132B of the Act. The tribunal followed precedent and permitted the revenue to apply the seized funds against the self-assessment tax, and consequently allowed all grounds of appeal advanced by the assessee. Case-Laws Income Tax Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781594