https://www.taxtmi.com/caselaws?id=3792 The High Court ruled in favor of the assessee, affirming their entitlement to claim interest on excess advance tax paid under Sections 214 and 244(1A) of the Income Tax Act. The Court referenced relevant case law and upheld the assessee's right to interest from the date of payment of advance tax to the date of assessment, emphasizing the government's liability to pay interest on the excess refundable amount. The judgment aligned with interpretations from the Supreme Court and other High Courts, clarifying the justification for interest payment under the specified provisions. en-us Mon, 03 Mar 2008 00:00:00 +0530 Mon, 21 Sep 2009 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3792 The High Court ruled in favor of the assessee, affirming their entitlement to claim interest on excess advance tax paid under Sections 214 and 244(1A) of the Income Tax Act. The Court referenced relevant case law and upheld the assessee's right to interest from the date of payment of advance tax to the date of assessment, emphasizing the government's liability to pay interest on the excess refundable amount. The judgment aligned with interpretations from the Supreme Court and other High Courts, clarifying the justification for interest payment under the specified provisions. Case-Laws Income Tax Mon, 03 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3792