https://www.taxtmi.com/caselaws?id=119786 Belated tax paid before filing the return, though not paid by the instalment due date under section 211, was treated in substance as advance tax for computing interest under sections 234A and 234B. The interest provisions were applied as compensatory charges, so once the amount had actually been paid, the shortfall ceased and interest could not run on sums no longer retained by the assessee. The payment was therefore required to be credited while working out the interest liability, and interest had to be computed after excluding the amount already paid. en-us Thu, 23 Nov 2006 00:00:00 +0530 Fri, 13 Jul 2012 11:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119786 Belated tax paid before filing the return, though not paid by the instalment due date under section 211, was treated in substance as advance tax for computing interest under sections 234A and 234B. The interest provisions were applied as compensatory charges, so once the amount had actually been paid, the shortfall ceased and interest could not run on sums no longer retained by the assessee. The payment was therefore required to be credited while working out the interest liability, and interest had to be computed after excluding the amount already paid. Case-Laws Income Tax Thu, 23 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119786