https://www.taxtmi.com/caselaws?id=69441 The Tribunal allowed the appellant's appeal partly, concluding that the appellant was not obligated to pay advance tax on the refund adjustment received after the last instalment date. The Tribunal held that the liability to pay interest under Section 234C arises only on income foreseeable by the assessee at the given time, and income from unforeseen events is not subject to advance tax before occurrence. Therefore, the appeal was allowed on this issue. en-us Fri, 17 Feb 2006 00:00:00 +0530 Wed, 18 Jul 2012 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69441 The Tribunal allowed the appellant's appeal partly, concluding that the appellant was not obligated to pay advance tax on the refund adjustment received after the last instalment date. The Tribunal held that the liability to pay interest under Section 234C arises only on income foreseeable by the assessee at the given time, and income from unforeseen events is not subject to advance tax before occurrence. Therefore, the appeal was allowed on this issue. Case-Laws Income Tax Fri, 17 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69441