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of <h1>Tax Authorities Gain Enhanced Powers to Manage Seized Assets with Robust Procedural Protections for Taxpayers Under New Bill</h1> A new legal provision in the Income Tax Bill, 2025 proposes a comprehensive framework for handling seized or requisitioned assets during tax investigations. The clause aims to modernize existing tax recovery procedures by establishing clear guidelines for asset appropriation, taxpayer rights, and procedural safeguards. It introduces streamlined mechanisms for recovering tax liabilities, releasing assets, and compensating taxpayers for prolonged asset retention, while maintaining a balance between revenue collection and individual property rights.
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