https://www.taxtmi.com/caselaws?id=437823 The ITAT Delhi allowed the appeal, permitting the assessee to adjust the seized cash of Rs. 1.76 crores towards self-assessment tax payable for AY 2015-16. The ITAT clarified that the seized cash could be adjusted with self-assessment tax but not with advance tax. The decision addressed the issue of interest under sections 234B and 234C, stating that interest under section 234C is applicable only on the returned income. en-us Mon, 24 Apr 2023 00:00:00 +0530 Tue, 16 May 2023 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437823 The ITAT Delhi allowed the appeal, permitting the assessee to adjust the seized cash of Rs. 1.76 crores towards self-assessment tax payable for AY 2015-16. The ITAT clarified that the seized cash could be adjusted with self-assessment tax but not with advance tax. The decision addressed the issue of interest under sections 234B and 234C, stating that interest under section 234C is applicable only on the returned income. Case-Laws Income Tax Mon, 24 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437823