https://www.taxtmi.com/caselaws?id=243219 The Tribunal allowed the appeals of the assessees, directing the Assessing Officer to adjust seized cash against their advance tax liability for the relevant assessment year. This decision was based on established legal interpretations and precedents supporting the adjustment of seized assets against tax liabilities, including advance tax obligations. The ruling provided clarity on the treatment of seized cash and payments made for release of valuables in relation to advance tax liabilities, ensuring consistency with previous judicial decisions. en-us Fri, 25 Oct 2013 00:00:00 +0530 Tue, 28 Jan 2014 06:08:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243219 The Tribunal allowed the appeals of the assessees, directing the Assessing Officer to adjust seized cash against their advance tax liability for the relevant assessment year. This decision was based on established legal interpretations and precedents supporting the adjustment of seized assets against tax liabilities, including advance tax obligations. The ruling provided clarity on the treatment of seized cash and payments made for release of valuables in relation to advance tax liabilities, ensuring consistency with previous judicial decisions. Case-Laws Income Tax Fri, 25 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243219