https://www.taxtmi.com/caselaws?id=69620 The Appellate Tribunal ITAT MADRAS-B ruled in a case involving interest entitlement under section 214 of the Income-tax Act, 1961 for voluntary advance tax payment. The Tribunal upheld the Commissioner's decision that the voluntary estimate and payment made by the assessee, labeled as advance tax, were not eligible for interest under section 214. As the old assessee had not received a specific order from the Income Tax Officer under section 210 to file an advance tax estimate, the voluntary payment was considered an ordinary deposit, not advance tax. Consequently, the Tribunal dismissed the assessee's appeal, affirming the denial of interest under section 214 for the voluntary tax payment. en-us Mon, 27 Apr 1981 00:00:00 +0530 Mon, 11 Apr 2011 10:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69620 The Appellate Tribunal ITAT MADRAS-B ruled in a case involving interest entitlement under section 214 of the Income-tax Act, 1961 for voluntary advance tax payment. The Tribunal upheld the Commissioner's decision that the voluntary estimate and payment made by the assessee, labeled as advance tax, were not eligible for interest under section 214. As the old assessee had not received a specific order from the Income Tax Officer under section 210 to file an advance tax estimate, the voluntary payment was considered an ordinary deposit, not advance tax. Consequently, the Tribunal dismissed the assessee's appeal, affirming the denial of interest under section 214 for the voluntary tax payment. Case-Laws Income Tax Mon, 27 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69620