https://www.taxtmi.com/caselaws?id=5661 An assessee already regularly assessed could not be treated as a new assessee for advance-tax purposes merely because an earlier return was nil, so the statutory obligation to furnish an estimate under section 212(3) did not arise for the later years. A levy of interest under section 217 made on the contrary assumption was therefore based on an obvious mistake apparent from the record. That error was rectifiable under section 154 because the underlying liability premise was incorrect, and the assessee obtained relief on both issues. en-us Thu, 13 Mar 1997 00:00:00 +0530 Thu, 27 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5661 An assessee already regularly assessed could not be treated as a new assessee for advance-tax purposes merely because an earlier return was nil, so the statutory obligation to furnish an estimate under section 212(3) did not arise for the later years. A levy of interest under section 217 made on the contrary assumption was therefore based on an obvious mistake apparent from the record. That error was rectifiable under section 154 because the underlying liability premise was incorrect, and the assessee obtained relief on both issues. Case-Laws Income Tax Thu, 13 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5661