Adjusting liability under Black Money Act, 2015 against seized assets (TAX ADMINISTRATION)

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Full Text of the Document

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....27 of 1957), the Expenditure-tax Act, 1987 (35 of 1987), the Gift-tax Act, 1958 (18 of 1958) and the Interest-tax Act, 1974 (45 of 1974), and the amount of liability determined on completion of the assessment or reassessment in consequence of search or requisition, may be recovered from the taxpayer out of the seized assets under section 132 or requisitioned under section 132. 2. Further, Black M....