https://www.taxtmi.com/caselaws?id=8484 Interest levied under section 18A(8) of the Indian Income-tax Act, 1922 was treated as a consequential levy for default in advance tax and not as an inseparable part of the final assessment. Relief provisions applicable to section 18A(6) were applied mutatis mutandis, so a revision seeking waiver or remission remained maintainable even after the assessment had gone through appeal and reference stages. Delay was assessed from the point when the assessment and legal position had effectively become final, and a short interval after that point, especially where legal advice and court authority were needed, was not regarded as inordinate or unreasonable. en-us Mon, 01 Nov 1971 00:00:00 +0530 Sun, 26 Apr 2009 22:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8484 Interest levied under section 18A(8) of the Indian Income-tax Act, 1922 was treated as a consequential levy for default in advance tax and not as an inseparable part of the final assessment. Relief provisions applicable to section 18A(6) were applied mutatis mutandis, so a revision seeking waiver or remission remained maintainable even after the assessment had gone through appeal and reference stages. Delay was assessed from the point when the assessment and legal position had effectively become final, and a short interval after that point, especially where legal advice and court authority were needed, was not regarded as inordinate or unreasonable. Case-Laws Income Tax Mon, 01 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8484