https://www.taxtmi.com/caselaws?id=9513 The court upheld the decision of the Tribunal to delete the interest levied under section 215 of the Income-tax Act for the assessment year 1986-87 in favor of the assessee. The court found that the assessee had paid advance tax above the required limit and could not have foreseen the income revisions that led to the interest charge. The court emphasized the importance of accurate figures in determining liability for interest under section 215 and ruled in favor of the assessee, resulting in the deletion of the interest amounting to Rs. 1,56,970. en-us Thu, 13 Oct 2005 00:00:00 +0530 Tue, 23 Jun 2009 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9513 The court upheld the decision of the Tribunal to delete the interest levied under section 215 of the Income-tax Act for the assessment year 1986-87 in favor of the assessee. The court found that the assessee had paid advance tax above the required limit and could not have foreseen the income revisions that led to the interest charge. The court emphasized the importance of accurate figures in determining liability for interest under section 215 and ruled in favor of the assessee, resulting in the deletion of the interest amounting to Rs. 1,56,970. Case-Laws Income Tax Thu, 13 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9513