Application of seized assets during the course of an Income Tax search towards the self assessment tax liability of an assessee - Whether permissible

CA.Mohit Gupta , Last updated: 10 December 2020 Share Follow on Google News

Introduction The application of assets seized during the course of search and seizure action is governed by the provisions of Section 132B of the Income Tax Act1961. Before digging deeper into the matter, let us go through the provisions of Section 132B in the statute as on date which is repro

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Broadcasts
Daily E-Newsletter
Unlimited Articles Access

BEST VALUE

2 YEAR PLAN

3,499

(Inclusive of GST)

1 YEAR PLAN

1,999

(Inclusive of GST)

Buy CCI PRO Now

Already a PRO member? Login here for an ad-free experience.

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

3095 Views Comment Share Income Tax Report

About the Author

CA.Mohit Gupta

Chartered Accountant

CA.Mohit Gupta B.Com(H),FCA,DISA ABOUT CA.MOHIT GUPTA Mr. Mohit Gupta is a Fellow Member of the Institute of Chartered Accountants of India, a commerce graduate from prestigious Ramjas College, Delhi University and an alumni of St. Xaviers School, New Delhi. He is practicing as a Chartered Accountant fo ... Read more

View Articles