1997 (3) TMI 14

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..... following question of law to this court: "Whether, on the facts and in the circumstances of the case, the Income tax Appellate Tribunal was right in law in cancelling the interest charged under section 215 of the Income-tax Act, 1961, by directing to appropriate the seized cash towards advance tax when the provisions of section 132B on determination of liability at the time of regular assessment .....

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..... o referable question of law arises in this petition. The Tribunal has rightly held that after adjusting the amount recovered from the petitioner towards the advance tax, the assessing authority could not invoke section 215 for charging interest from the petitioner. Learned counsel for the Revenue could not convince us that the findings recorded by the Tribunal suffer from any error of law. Con .....

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