https://www.taxtmi.com/caselaws?id=5478 The Supreme Court clarified that "regular assessment" under Section 214 of the Income-tax Act refers to the original assessment under Section 143 or Section 144. Interest on excess advance tax is payable from April 1 of the relevant assessment year to the date of the original assessment order. This aligns with the interpretations of Bombay, Allahabad, Andhra Pradesh, Patna, and Delhi High Courts, ensuring consistency across jurisdictions. en-us Fri, 15 Sep 1995 00:00:00 +0530 Mon, 04 Jul 2016 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5478 The Supreme Court clarified that "regular assessment" under Section 214 of the Income-tax Act refers to the original assessment under Section 143 or Section 144. Interest on excess advance tax is payable from April 1 of the relevant assessment year to the date of the original assessment order. This aligns with the interpretations of Bombay, Allahabad, Andhra Pradesh, Patna, and Delhi High Courts, ensuring consistency across jurisdictions. Case-Laws Income Tax Fri, 15 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5478