Court Rules Seized Cash Can Settle Tax Liability u/s 220(2) of Income Tax Act; Not in Default.

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....Levy of interest u/s 220(2) - such cash seized/ offered to settle the cash liability, should have been accepted and assessee should be deemed to have made the payment specified in the demand notice within the period of limitation as provided u/s 220(1); and cannot be treated in default for not making the payment - AT....