https://www.taxtmi.com/caselaws?id=192546 The Appellate Tribunal ITAT Pune ruled in favor of the assessee, allowing the appeal and directing the cancellation of interest charged under sections 234A, 234B, and 234C. The Tribunal held that the seized cash could be adjusted towards advance tax liability before assessment completion, as per legal provisions and precedents, as the seized cash exceeded the total tax payable for the relevant assessment year. en-us Mon, 26 Aug 2013 00:00:00 +0530 Mon, 05 Jun 2017 17:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192546 The Appellate Tribunal ITAT Pune ruled in favor of the assessee, allowing the appeal and directing the cancellation of interest charged under sections 234A, 234B, and 234C. The Tribunal held that the seized cash could be adjusted towards advance tax liability before assessment completion, as per legal provisions and precedents, as the seized cash exceeded the total tax payable for the relevant assessment year. Case-Laws Income Tax Mon, 26 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192546