https://www.taxtmi.com/caselaws?id=396002 The High Court allowed the adjustment of seized cash against advance tax payable for Assessment year 2007-08, considering the date of payment of tax as the date of the adjustment request. The Court's decision favored the assessee, overturning the tribunal's ruling and emphasizing compliance with relevant provisions and legal precedents. The judgment clarified the interpretation of Income Tax Act provisions on advance tax adjustment, aligning with prior High Court decisions and Circular No.20/2017. en-us Thu, 11 Jun 2020 00:00:00 +0530 Mon, 31 Aug 2020 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396002 The High Court allowed the adjustment of seized cash against advance tax payable for Assessment year 2007-08, considering the date of payment of tax as the date of the adjustment request. The Court's decision favored the assessee, overturning the tribunal's ruling and emphasizing compliance with relevant provisions and legal precedents. The judgment clarified the interpretation of Income Tax Act provisions on advance tax adjustment, aligning with prior High Court decisions and Circular No.20/2017. Case-Laws Income Tax Thu, 11 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396002