K.c. Singhal >>>
Judicial update:
where cash is seized in the course of search and assessee makes a request to adjust the same against advance tax liability, AO is bound
to adjust the same. Hence, no interest u/s 234B can be levied in such cases.--Recentl y held by ITAT in the case of shri RAm Sarda (2012) 17 Taxmann.com
23(Raj)
Judicial update:
where cash is seized in the course of search and assessee makes a request to adjust the same against advance tax liability, AO is bound
to adjust the same. Hence, no interest u/s 234B can be levied in such cases.--Recentl y held by ITAT in the case of shri RAm Sarda (2012) 17 Taxmann.com
23(Raj)
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