https://www.taxtmi.com/caselaws?id=170361 Seized cash could be adjusted against advance tax instalments on the assessee's written request, and the authorities were bound to follow the jurisdictional High Court's ruling on that point. Pendency of a special leave petition did not weaken the binding force of the High Court decision. As the Department did not act on the request, denial of the adjustment was not justified, and the corresponding interest under section 234B was not sustainable to that extent. The direction to give credit for the seized cash and reduce the interest was upheld in favour of the assessee. en-us Tue, 18 Nov 2014 00:00:00 +0530 Fri, 08 May 2015 09:52:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170361 Seized cash could be adjusted against advance tax instalments on the assessee's written request, and the authorities were bound to follow the jurisdictional High Court's ruling on that point. Pendency of a special leave petition did not weaken the binding force of the High Court decision. As the Department did not act on the request, denial of the adjustment was not justified, and the corresponding interest under section 234B was not sustainable to that extent. The direction to give credit for the seized cash and reduce the interest was upheld in favour of the assessee. Case-Laws Income Tax Tue, 18 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170361