https://www.taxtmi.com/caselaws?id=192426 The Tribunal upheld the order directing the seized cash to be adjusted against the advance tax liability of the assessee. It emphasized the necessity of adjusting the seized amount against current liabilities in accordance with statutory provisions. The Tribunal dismissed the Revenue's appeal, finding no illegality in the order and rejecting the assessee's request for adjustment. Emphasizing adherence to statutory provisions, the judgment highlighted the importance of considering such requests properly and following established legal principles in adjusting seized cash against tax liabilities. en-us Mon, 29 May 2006 00:00:00 +0530 Wed, 31 May 2017 12:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192426 The Tribunal upheld the order directing the seized cash to be adjusted against the advance tax liability of the assessee. It emphasized the necessity of adjusting the seized amount against current liabilities in accordance with statutory provisions. The Tribunal dismissed the Revenue's appeal, finding no illegality in the order and rejecting the assessee's request for adjustment. Emphasizing adherence to statutory provisions, the judgment highlighted the importance of considering such requests properly and following established legal principles in adjusting seized cash against tax liabilities. Case-Laws Income Tax Mon, 29 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192426