https://www.taxtmi.com/circulars?id=8975 Interest under section 214 is calculated on the difference between advance tax and tax determined on the regular assessment from the first day of April to the date of that regular assessment; the date of the first assessment fixes the terminus for interest. Interest is not altered by subsequent appellate or revision orders, but may be adjusted where the original assessment is rectified for mistakes apparent from record, treating the rectified order as determining the tax for section 214 purposes. en-us Fri, 23 Apr 1976 00:00:00 +0530 Wed, 01 Jun 2011 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8975 Interest under section 214 is calculated on the difference between advance tax and tax determined on the regular assessment from the first day of April to the date of that regular assessment; the date of the first assessment fixes the terminus for interest. Interest is not altered by subsequent appellate or revision orders, but may be adjusted where the original assessment is rectified for mistakes apparent from record, treating the rectified order as determining the tax for section 214 purposes. Circulars Income Tax Fri, 23 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8975