https://www.taxtmi.com/highlights?id=73164 Interest liability u/s 234A, 234B, 234C - Cash seized during the search - To be treated as Advance Tax or not - In this case, as ROI was filed, though after the search. The seized cash was offered by the assessee, under the regime which was prevailing then, to be treated as the advance tax and thus there was no default in payment of advance; although its payment /adjustment was triggered due to a search action. Lastly, for the same reason, it cannot be said there was a deferment of payment of advance tax. - HC en-us Wed, 22 Nov 2023 08:12:28 +0530 Wed, 22 Nov 2023 12:09:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73164 Interest liability u/s 234A, 234B, 234C - Cash seized during the search - To be treated as Advance Tax or not - In this case, as ROI was filed, though after the search. The seized cash was offered by the assessee, under the regime which was prevailing then, to be treated as the advance tax and thus there was no default in payment of advance; although its payment /adjustment was triggered due to a search action. Lastly, for the same reason, it cannot be said there was a deferment of payment of advance tax. - HC Highlights Income Tax Wed, 22 Nov 2023 08:12:28 +0530 https://www.taxtmi.com/highlights?id=73164