https://www.taxtmi.com/caselaws?id=65038 The judgment in this case law involved a dispute over the interpretation of section 214 of the Income-Tax Act, 1961, specifically regarding the payment of interest on excess tax deducted at source. The Appellate Authority directed the payment of interest under section 214 to the assessee, but an error was noted in the period for which interest was to be paid. The court emphasized the distinct provisions for interest payment on advance tax and tax deducted at source, highlighting the legislative intent to treat these modes of tax collection differently. Ultimately, the appeal was allowed in favor of the department, clarifying that interest should be granted in accordance with the law. en-us Thu, 24 Jul 1986 00:00:00 +0530 Fri, 11 Feb 2011 18:06:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65038 The judgment in this case law involved a dispute over the interpretation of section 214 of the Income-Tax Act, 1961, specifically regarding the payment of interest on excess tax deducted at source. The Appellate Authority directed the payment of interest under section 214 to the assessee, but an error was noted in the period for which interest was to be paid. The court emphasized the distinct provisions for interest payment on advance tax and tax deducted at source, highlighting the legislative intent to treat these modes of tax collection differently. Ultimately, the appeal was allowed in favor of the department, clarifying that interest should be granted in accordance with the law. Case-Laws Income Tax Thu, 24 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65038