https://www.taxtmi.com/caselaws?id=69813 The Tribunal upheld the Income Tax Officer's decision to deny interest under section 214 to the assessee, ruling that interest is authorized only on advance tax paid, not on tax deducted at source. The Tribunal emphasized the distinct bases for calculating interest under sections 214 and 217, affirming that interest is payable on excess payment or under-payment of advance tax only. The assessee's appeal was dismissed, and the Tribunal accepted the revenue's argument that the issue was debatable and not entertainable under section 154. The judgment highlighted the statutory clarity on interest computation, reinforcing the lack of provision for interest on excess deduction of tax at source. en-us Wed, 21 Apr 1982 00:00:00 +0530 Tue, 12 Apr 2011 12:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69813 The Tribunal upheld the Income Tax Officer's decision to deny interest under section 214 to the assessee, ruling that interest is authorized only on advance tax paid, not on tax deducted at source. The Tribunal emphasized the distinct bases for calculating interest under sections 214 and 217, affirming that interest is payable on excess payment or under-payment of advance tax only. The assessee's appeal was dismissed, and the Tribunal accepted the revenue's argument that the issue was debatable and not entertainable under section 154. The judgment highlighted the statutory clarity on interest computation, reinforcing the lack of provision for interest on excess deduction of tax at source. Case-Laws Income Tax Wed, 21 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69813