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  • April 24, 2018

No Adjustments of Advance Tax Liability from Seized Assets

Sanyam Jain | Income Tax | March 2, 2013 | Leave a Comment

No Adjustments of Advance Tax Liability from Seized Assets

1. Amendment of section 132B: A. Existing provisions of section 132B(1): “132B. (1) The assets seized under section 132 or requisitioned under section 132A may be dealt with in the following manner, namely:—  (i)  the amount of any existing liability under this Act, the Wealth-tax Act, 1957 (27 of 1957), the Expenditure-tax Act, 1987 (35 of […]

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