Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2017 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (8) TMI 1297 - DELHI HIGH COURTAdjustment of seized cash during searh opeartion u/s 132B against advance tax payment that was due - benefit of the Circular No. 20/2017 - Held that:- Circular No. 20/2017 makes clear that to grant the benefit of adjustment of seized cash against advance tax liability to all Assessees in default of payment of advance tax.The Court, therefore, sees no justification in the Department for not granting the benefit of the Circular No. 20/2017 to the two Assessees in appeal Direction issued to the Department to give the benefit of Circular No.20/2017 to both Assessees which in effect would mean that their requests for adjustment of the seized cash against their respective advance tax liability would stand allowed with effect from the date of the first request made by the Assessees, i.e. 13th December, 2011.- Decided in favour of assessee.
|