https://www.taxtmi.com/caselaws?id=343736 The Appellate Tribunal ITAT Ahmedabad partly allowed the assessee's appeal, granting relief by providing credit for seized cash as advance tax and adjusting interest liability under sections 234B and 234C. The tribunal directed the AO to determine if the seized cash was adjusted against advance tax and to charge interest accordingly. The decision, pronounced on April 25, 2017, addressed issues related to the Income Tax Act, 1961, including the treatment of advance tax payable and excessive computation of interest. en-us Tue, 25 Apr 2017 00:00:00 +0530 Thu, 01 Jun 2017 07:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343736 The Appellate Tribunal ITAT Ahmedabad partly allowed the assessee's appeal, granting relief by providing credit for seized cash as advance tax and adjusting interest liability under sections 234B and 234C. The tribunal directed the AO to determine if the seized cash was adjusted against advance tax and to charge interest accordingly. The decision, pronounced on April 25, 2017, addressed issues related to the Income Tax Act, 1961, including the treatment of advance tax payable and excessive computation of interest. Case-Laws Income Tax Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343736