https://www.taxtmi.com/caselaws?id=70892 The Tribunal held that the seized cash could not be adjusted against the advance tax liability for the financial year 1994-95 before the order under section 132(5) was passed. The seized cash was deemed self-assessment tax paid on 11th April 1995. Interest under section 234A should be computed without considering the seized cash, while interest under section 234B should be calculated after crediting the seized cash as self-assessment tax. The Tribunal set aside the CIT(A)'s orders, directing the AO to recompute the interest accordingly and allowing the Revenue's appeals. en-us Thu, 13 Dec 2001 00:00:00 +0530 Tue, 19 Apr 2011 18:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70892 The Tribunal held that the seized cash could not be adjusted against the advance tax liability for the financial year 1994-95 before the order under section 132(5) was passed. The seized cash was deemed self-assessment tax paid on 11th April 1995. Interest under section 234A should be computed without considering the seized cash, while interest under section 234B should be calculated after crediting the seized cash as self-assessment tax. The Tribunal set aside the CIT(A)'s orders, directing the AO to recompute the interest accordingly and allowing the Revenue's appeals. Case-Laws Income Tax Thu, 13 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70892