https://www.taxtmi.com/caselaws?id=192425 The appeal filed by the department was dismissed. The Assessing Officer was directed to adjust the seized cash of Rs. 90,31,000 against the advance tax liability and recompute the interest chargeable under sections 234B and 234C accordingly. The Tribunal held that the seized cash should be treated as advance tax, overturning the Assessing Officer's decision not to allow credit for the seized amount. en-us Fri, 02 Mar 2012 00:00:00 +0530 Fri, 20 Apr 2018 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192425 The appeal filed by the department was dismissed. The Assessing Officer was directed to adjust the seized cash of Rs. 90,31,000 against the advance tax liability and recompute the interest chargeable under sections 234B and 234C accordingly. The Tribunal held that the seized cash should be treated as advance tax, overturning the Assessing Officer's decision not to allow credit for the seized amount. Case-Laws Income Tax Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192425