https://www.taxtmi.com/caselaws?id=236376 The Tribunal dismissed the Miscellaneous Application seeking rectification of the order related to the levy of interest under S.234A and S.234B for the assessment year 2008-09. It found no mistake in its original order and reiterated the directive for the seized amount to be adjusted towards existing liabilities first before outstanding tax liabilities. The Tribunal emphasized the importance of judicial discipline and adherence to its directions, citing the obligation of authorities and Tribunals to follow higher court decisions. The Assessing Officer was instructed to align their actions with the Tribunal's order. en-us Fri, 12 Jul 2013 00:00:00 +0530 Sat, 24 Aug 2013 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236376 The Tribunal dismissed the Miscellaneous Application seeking rectification of the order related to the levy of interest under S.234A and S.234B for the assessment year 2008-09. It found no mistake in its original order and reiterated the directive for the seized amount to be adjusted towards existing liabilities first before outstanding tax liabilities. The Tribunal emphasized the importance of judicial discipline and adherence to its directions, citing the obligation of authorities and Tribunals to follow higher court decisions. The Assessing Officer was instructed to align their actions with the Tribunal's order. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236376