https://www.taxtmi.com/caselaws?id=12712 Appropriation of seized cash towards an assessee's advance tax liability meant the Tribunal was justified in cancelling interest levied under section 215 of the Income-tax Act, 1961. The High Court found no error of law in the Tribunal's view that, once the recovered amount was adjusted against advance tax, interest could not be sustained on that basis. It therefore held that no referable question of law arose under section 256 of the Income-tax Act, 1961, and the petition failed. en-us Thu, 13 Mar 1997 00:00:00 +0530 Thu, 21 May 2009 13:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12712 Appropriation of seized cash towards an assessee's advance tax liability meant the Tribunal was justified in cancelling interest levied under section 215 of the Income-tax Act, 1961. The High Court found no error of law in the Tribunal's view that, once the recovered amount was adjusted against advance tax, interest could not be sustained on that basis. It therefore held that no referable question of law arose under section 256 of the Income-tax Act, 1961, and the petition failed. Case-Laws Income Tax Thu, 13 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12712