https://www.taxtmi.com/caselaws?id=241333 The Tribunal allowed the appeals filed by the assessee and directed the assessing authority to recompute interest under sections 234A and 234B after giving credit to the amounts seized and subsequently paid. The Tribunal held that the seized amounts should be treated as advance tax payments as authorized by the assessee, and interest calculations should consider these payments. Additionally, the Tribunal found that the issue raised by the assessee was a mistake apparent from the records, warranting rectification under section 154. en-us Wed, 20 Mar 2013 00:00:00 +0530 Fri, 18 Mar 2016 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241333 The Tribunal allowed the appeals filed by the assessee and directed the assessing authority to recompute interest under sections 234A and 234B after giving credit to the amounts seized and subsequently paid. The Tribunal held that the seized amounts should be treated as advance tax payments as authorized by the assessee, and interest calculations should consider these payments. Additionally, the Tribunal found that the issue raised by the assessee was a mistake apparent from the records, warranting rectification under section 154. Case-Laws Income Tax Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241333