https://www.taxtmi.com/caselaws?id=374791 The court set aside the order rejecting the petitioner's claim for interest on seized cash, directing the respondent to pay interest at 6% per annum on the seized amount from specific dates. The court held that the seized cash was to be treated as advance tax, entitling the petitioner to interest under Section 244A(1)(b) of the Income Tax Act, 1961. Interest was awarded based on the character change of the seized cash, following the assessment order, with reference to relevant statutory provisions and case law. en-us Thu, 24 Jan 2019 00:00:00 +0530 Tue, 30 Jul 2019 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374791 The court set aside the order rejecting the petitioner's claim for interest on seized cash, directing the respondent to pay interest at 6% per annum on the seized amount from specific dates. The court held that the seized cash was to be treated as advance tax, entitling the petitioner to interest under Section 244A(1)(b) of the Income Tax Act, 1961. Interest was awarded based on the character change of the seized cash, following the assessment order, with reference to relevant statutory provisions and case law. Case-Laws Income Tax Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374791