{"id":62301,"date":"2026-07-18T16:26:31","date_gmt":"2026-07-18T10:56:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kapoor-industries-ltd-v-cpc-2025-238-ttj-798-delhitrib\/"},"modified":"2026-07-18T16:26:31","modified_gmt":"2026-07-18T10:56:31","slug":"kapoor-industries-ltd-v-cpc-2025-238-ttj-798-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kapoor-industries-ltd-v-cpc-2025-238-ttj-798-delhitrib\/","title":{"rendered":"Kapoor Industries Ltd. v. CPC (2025) 238 TTJ 798 (Delhi)(Trib.)"},"content":{"rendered":"<p>Cash seized during the search after the close of the financial year was claimed by the assessee towards self-assessment tax liability. The Tribunal held that Explanation 2 to section 132B prohibits adjustment only against advance tax and not against self-assessment tax. Since the seized cash belonged to the assessee and no defect notice was issued for non-payment of self-assessment tax, adjustment of the seized cash towards self-assessment tax was allowable. (AY. 2024-25.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 132B: Application of seized or requisitioned assets-Search and Seizure-Adjustment of seized cash against self-assessment tax was allowed. [S. 132, 140A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62301","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gcR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=62301"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62301\/revisions"}],"predecessor-version":[{"id":62302,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62301\/revisions\/62302"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}