https://www.taxtmi.com/caselaws?id=10702 The court upheld the decision not to charge interest on seized cash adjusted against advance tax liability, as the liability was less than the refundable amount. It affirmed the partners' right to request this adjustment, emphasizing their responsibility for the firm's tax obligations. Partners' actions were deemed binding on the assessee, and the court dismissed the appeals, stressing equity in allowing the adjustment and acknowledging the assessees' entitlement to a refund. en-us Thu, 05 May 2005 00:00:00 +0530 Tue, 17 Mar 2015 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10702 The court upheld the decision not to charge interest on seized cash adjusted against advance tax liability, as the liability was less than the refundable amount. It affirmed the partners' right to request this adjustment, emphasizing their responsibility for the firm's tax obligations. Partners' actions were deemed binding on the assessee, and the court dismissed the appeals, stressing equity in allowing the adjustment and acknowledging the assessees' entitlement to a refund. Case-Laws Income Tax Thu, 05 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10702