https://www.taxtmi.com/caselaws?id=103457 Interest under sections 234A, 234B and 234C was not sustainable where seized cash was already in the Department's custody and the assessee had specifically requested adjustment against tax liability. The factual record showed that the seized amount was identified in the section 132(5) order and reiterated in the return, yet no timely adjustment was made by the Department. On those facts, the levy of interest for default in filing or payment was deleted and the assessee's position was accepted. en-us Wed, 29 Aug 2001 00:00:00 +0530 Wed, 22 Feb 2012 18:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103457 Interest under sections 234A, 234B and 234C was not sustainable where seized cash was already in the Department's custody and the assessee had specifically requested adjustment against tax liability. The factual record showed that the seized amount was identified in the section 132(5) order and reiterated in the return, yet no timely adjustment was made by the Department. On those facts, the levy of interest for default in filing or payment was deleted and the assessee's position was accepted. Case-Laws Income Tax Wed, 29 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103457