Application of seized or requisitioned assets-adjustment prior to completion of assessment

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Full Text of the Document

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.... All Directors General of Income Tax (Inv.)/ All Chief Commissioners of Income Tax(Central). Sub : Application of seized or requisitioned assets-adjustment prior to completion of assessment - reg. Sir, Section 132B introduced by the Finance Act 2002 w.e.f. 1.6.2002 and as amended subsequently provides that the existing liability under the various Direct Tax Laws and the ....