2001 (8) TMI 979

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..... ember. - The Revenue has raised the following ground in this appeal : "On the facts and in the circumstances of the case and in law, the learned CIT(A), Surat has erred in deleting the interest charged under sections 234A, 234B and 234C of the Income-tax Act, 1961." 2. The learned DR read the order of the CIT(A). After going through the facts stated in the order of the CIT(A), the learned DR v .....

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..... ement categorically stated before the ADI that the seized amount may be adjusted against the tax payable by the assessee. This fact was also found recorded by the CIT(A) in the order passed under section 132(5). The appellant (sic) further submitted the return of income on 27-12-1990 in which a note in this respect was also mentioned in the computation of total income, which has been reproduced in .....

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