Retention of seized cash to be utilised towards tax dues already determined

Fatema Hussain & Anr. Vs UOI & Ors. (Patna High Court)- Amount seized under section 132 can be utilised for the purpose of discharging the liability already determined on completion of the assessment proceedings and if that be the position then at best the amount that could be retained for dis­charging the liability will only be with regard to the assessment made in this particular case for the assessment years 2002-03, 2003-04 and 2004-05 as admitted by the petitioners in the rejoinder to the counter affidavit. Apart from the aforesaid, merely because assessment for the year 2015-16 ...