https://www.taxtmi.com/caselaws?id=68365 The Tribunal dismissed Revenue's appeal against the deletion of interest under section 217 for the assessment year 1988-89. The Tribunal upheld the CIT(A)'s decision, ruling that the charging of interest under section 217 was unwarranted and invalid as the AO failed to establish the assessee's non-furnishing of advance tax estimates. The Tribunal noted the appellant's compliance with tax payments under section 210 and referenced a precedent supporting the taxpayer's position. Consequently, the Tribunal affirmed the deletion of the interest amount, concluding in favor of the assessee. en-us Wed, 31 Jan 2001 00:00:00 +0530 Tue, 29 Mar 2011 15:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68365 The Tribunal dismissed Revenue's appeal against the deletion of interest under section 217 for the assessment year 1988-89. The Tribunal upheld the CIT(A)'s decision, ruling that the charging of interest under section 217 was unwarranted and invalid as the AO failed to establish the assessee's non-furnishing of advance tax estimates. The Tribunal noted the appellant's compliance with tax payments under section 210 and referenced a precedent supporting the taxpayer's position. Consequently, the Tribunal affirmed the deletion of the interest amount, concluding in favor of the assessee. Case-Laws Income Tax Wed, 31 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68365