https://www.taxtmi.com/caselaws?id=361237 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to allow the balance tax credit for the adjustment of seized cash against advance tax liability for Assessment Year 2012-13. The Tribunal emphasized the assessee's entitlement to such adjustment and ruled that no interest should be charged under sections 234A, 234B, and 234C, as the Department held the seized cash in its custody. en-us Wed, 30 May 2018 00:00:00 +0530 Sat, 02 Jun 2018 13:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361237 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to allow the balance tax credit for the adjustment of seized cash against advance tax liability for Assessment Year 2012-13. The Tribunal emphasized the assessee's entitlement to such adjustment and ruled that no interest should be charged under sections 234A, 234B, and 234C, as the Department held the seized cash in its custody. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361237