Levy of interest - assessee has neither offered seized cash ...
Assessee's failure to declare seized cash u/s 132(4) leads to confirmed interest demand.
May 12, 2020
Case Laws Income Tax AT
Levy of interest - assessee has neither offered seized cash during his statement u/s 132(4) nor he intimated to the Department by letter that his seized cash should be adjusted towards his advance tax/tax liability - Demand confirmed.
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