https://www.taxtmi.com/caselaws?id=66728 A CBDT circular issued after consultation with the Ministry of Law was treated as binding on the Department under section 119 of the Income-tax Act, 1961. On that footing, where an assessee had under-estimated advance tax and later failed to file the upward estimate under section 212(3A), only interest under section 215 was leviable and additional interest under section 217(1A) could not be charged. The Commissioner's attempt to revise the assessment on the basis that section 217(1A) should also have been applied was therefore unsustainable. en-us Thu, 11 Aug 1977 00:00:00 +0530 Sat, 05 Mar 2011 18:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66728 A CBDT circular issued after consultation with the Ministry of Law was treated as binding on the Department under section 119 of the Income-tax Act, 1961. On that footing, where an assessee had under-estimated advance tax and later failed to file the upward estimate under section 212(3A), only interest under section 215 was leviable and additional interest under section 217(1A) could not be charged. The Commissioner's attempt to revise the assessment on the basis that section 217(1A) should also have been applied was therefore unsustainable. Case-Laws Income Tax Thu, 11 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66728