https://www.taxtmi.com/caselaws?id=8485 Section 18A(6) and section 18A(8) operate in different fields: the former concerns deficient advance tax paid on an assessee's own estimate, while the latter applies where no advance tax has been paid. A reference in section 18A(8) to calculating interest in the manner laid down in section 18A(6) imports only the method of computation, not the fifth proviso empowering reduction or waiver. Rule 48 was framed to give effect to that proviso and cannot enlarge the scope of section 18A(8). The stated position is that the proviso does not apply to interest levied under section 18A(8). en-us Mon, 20 Aug 1962 00:00:00 +0530 Sun, 26 Apr 2009 22:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8485 Section 18A(6) and section 18A(8) operate in different fields: the former concerns deficient advance tax paid on an assessee's own estimate, while the latter applies where no advance tax has been paid. A reference in section 18A(8) to calculating interest in the manner laid down in section 18A(6) imports only the method of computation, not the fifth proviso empowering reduction or waiver. Rule 48 was framed to give effect to that proviso and cannot enlarge the scope of section 18A(8). The stated position is that the proviso does not apply to interest levied under section 18A(8). Case-Laws Income Tax Mon, 20 Aug 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8485