Application of seized or requisitioned assets - Section 132B

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....ealth-tax Act, the Gift-tax Act, and the Interest-tax Act, 1974, the Interest-tax Act, 1974 and the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015[w.e.f. 01.10.2024 substituted vide Finance (No. 2) Act, 2024] ("existing liability" shall not include advance tax.) and the amount of liability determined on completion of assessment or reassessment or re-computation....

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....in the first proviso shall be released within a period of 120 days from the date on which the last of the authorisations for search u/s 132 or for requisition u/s 132A, as the case may be, was executed. Interest to be paid on seized money - * The Central Government shall pay simple interest @ 0.5% for every month or part of a month on the amount by which the aggregate amount of money seized u/....