https://www.taxtmi.com/caselaws?id=180507 The Tribunal partially allowed the appeals, directing the AO to adjust the remaining seized cash from the date of seizure towards the tax liabilities of the assessee. Additionally, the AO was instructed to verify and apply the correct rate of interest under sections 234A and 234B based on the relevant dates. The challenges regarding the legality of the order under section 153A and interest under section 234C were dismissed as not pressed. The Tribunal emphasized immediate adjustment of seized cash against tax liabilities, aligning with prior judgments. en-us Wed, 12 Mar 2008 00:00:00 +0530 Wed, 20 Dec 2023 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180507 The Tribunal partially allowed the appeals, directing the AO to adjust the remaining seized cash from the date of seizure towards the tax liabilities of the assessee. Additionally, the AO was instructed to verify and apply the correct rate of interest under sections 234A and 234B based on the relevant dates. The challenges regarding the legality of the order under section 153A and interest under section 234C were dismissed as not pressed. The Tribunal emphasized immediate adjustment of seized cash against tax liabilities, aligning with prior judgments. Case-Laws Income Tax Wed, 12 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180507