Application of seized or requisitioned assets.

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....ability shall be the aggregate of-- (a) any existing liability under this Act, or under the Income-tax Act, 1961 (43 of 1961) or the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015); (b) any liability determined under this Act or under the Acts referred to in clause (a), up to the date of completion of the assessment or reassessment....

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....the month in which the asset was seized, after fulfilment of the following requirements:-- (a) satisfying himself about the nature and source of acquisition of any such asset; (b) recovering any existing liability referred to in sub-section (1); (c) obtaining prior approval of the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissione....

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....ipal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner and the recovery of any liability out of such assets shall be effected in the manner as prescribed. (6) The mode of recovery of liabilities under sub-section (1) shall not preclude the recovery of liabilities aforesaid by any other mode laid down in this Act. (7) Any assets or proceeds thereof, which rema....