https://www.taxtmi.com/caselaws?id=151760 The Tribunal held that surcharge is not leviable if the search was initiated before June 1, 2002, based on the proviso to section 113, citing relevant case law. Additionally, it was determined that interest under section 158BFA(1) should be computed after deducting cash seized from tax, considering legislative intent and related sections. The Tribunal ruled in favor of the appellant, concluding that surcharge was not applicable due to the search initiation date and that interest under section 158BFA(1) was not warranted as the tax deposited exceeded the tax determined in the block assessment. en-us Fri, 08 Jun 2007 00:00:00 +0530 Sat, 15 Jun 2013 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151760 The Tribunal held that surcharge is not leviable if the search was initiated before June 1, 2002, based on the proviso to section 113, citing relevant case law. Additionally, it was determined that interest under section 158BFA(1) should be computed after deducting cash seized from tax, considering legislative intent and related sections. The Tribunal ruled in favor of the appellant, concluding that surcharge was not applicable due to the search initiation date and that interest under section 158BFA(1) was not warranted as the tax deposited exceeded the tax determined in the block assessment. Case-Laws Income Tax Fri, 08 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151760