https://www.taxtmi.com/caselaws?id=70761 The tribunal upheld the decision to charge interest under section 217(1A) for non-payment of advance tax, citing differing views on whether payment of tax along with filing the estimate is necessary. Despite the assessee's argument and reference to a favorable ITAT Calcutta Bench decision, the tribunal emphasized the need for clarity in interpreting the provisions. Considering various precedents and interpretations, the tribunal concluded that the Assessing Officer's decision to levy interest was justified, leading to the dismissal of the appeal. en-us Mon, 19 Oct 1992 00:00:00 +0530 Tue, 19 Apr 2011 11:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70761 The tribunal upheld the decision to charge interest under section 217(1A) for non-payment of advance tax, citing differing views on whether payment of tax along with filing the estimate is necessary. Despite the assessee's argument and reference to a favorable ITAT Calcutta Bench decision, the tribunal emphasized the need for clarity in interpreting the provisions. Considering various precedents and interpretations, the tribunal concluded that the Assessing Officer's decision to levy interest was justified, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 19 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70761