https://www.taxtmi.com/caselaws?id=68839 The tribunal upheld the assessing officer's decision that the appellant was liable to pay interest under Section 217(1A) amounting to Rs. 3,19,265, despite the appellant's arguments challenging the imposition of interest on taxable income. Additionally, the tribunal held that the appellant was obligated to file a revised estimate of advance-tax under Section 209A(4) even though the appellant had previously filed a statement showing nil income and advance-tax. The tribunal clarified that the requirement to file a revised estimate of advance-tax applies when the current income is likely to exceed the specified amount, ultimately affirming the assessing officer's decision to charge interest under Section 217(1A). en-us Mon, 07 Jan 1991 00:00:00 +0530 Sat, 02 Apr 2011 10:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68839 The tribunal upheld the assessing officer's decision that the appellant was liable to pay interest under Section 217(1A) amounting to Rs. 3,19,265, despite the appellant's arguments challenging the imposition of interest on taxable income. Additionally, the tribunal held that the appellant was obligated to file a revised estimate of advance-tax under Section 209A(4) even though the appellant had previously filed a statement showing nil income and advance-tax. The tribunal clarified that the requirement to file a revised estimate of advance-tax applies when the current income is likely to exceed the specified amount, ultimately affirming the assessing officer's decision to charge interest under Section 217(1A). Case-Laws Income Tax Mon, 07 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68839