Amendment of section 132B.

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.... Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015.)" shall be substituted with effect from the 1st day of October, 2024. - Clause 40 of the Bill seeks to amend section 132B of the Income-tax Act relating to application of seized or requisitioned assets. The said section provides that the amount of any existing liability under the Income-tax Act, the Wealth-tax Act, 1957, ....