Interest u/s 234A Not Applicable if Tax Paid Exceeds Revenue's Acknowledged Amount, Court Rules on Seized Cash Case.

Levy of interest u/s 234A - cash amount seized at the premises of assessee at the time of raid - If an assessee has deposited higher amount of tax than returned tax accepted by Revenue, the question of levy of interest u/s 234-A would not arise. - HC .....

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