https://www.taxtmi.com/caselaws?id=216065 The Supreme Court addressed the character of Tax Deductible at Source (TDS) and Advance Tax under the Income Tax Act, 1961. The Court examined the issue of interest payable by the Revenue to the assessee if the aggregate of instalments of Advance Tax/TDS paid exceeds the assessed tax. Referring to relevant provisions of the Act and judicial interpretations, the Court expressed doubts about previous judgments and directed the matter to the Chief Justice for appropriate orders. The judgment clarifies the treatment of Advance Tax and TDS, emphasizing the significance of statutory provisions in resolving disputes related to tax payments and refunds. en-us Thu, 23 Aug 2012 00:00:00 +0530 Wed, 20 Feb 2019 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216065 The Supreme Court addressed the character of Tax Deductible at Source (TDS) and Advance Tax under the Income Tax Act, 1961. The Court examined the issue of interest payable by the Revenue to the assessee if the aggregate of instalments of Advance Tax/TDS paid exceeds the assessed tax. Referring to relevant provisions of the Act and judicial interpretations, the Court expressed doubts about previous judgments and directed the matter to the Chief Justice for appropriate orders. The judgment clarifies the treatment of Advance Tax and TDS, emphasizing the significance of statutory provisions in resolving disputes related to tax payments and refunds. Case-Laws Income Tax Thu, 23 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216065