No default in payment of advance tax as seized cash offered to be treated as advance tax

Ashok Kumar Aggarwal Vs ACIT (Delhi High Court) Delhi High Court held that there was no default in payment of advance tax as seized cash was offered by the assessee to be treated as advance tax. Facts- The present writ petition has been preferred by the petitioner based on two grievances i.e. First, that the amount seized during the search action carried out u/s. 132 of the Income Tax Act, 1961 has not been treated as advance tax, although such representation was made by him from time to time. Second, which is really a consequence of the first grievance, that the respondents/revenue having tre...