https://www.taxtmi.com/caselaws?id=10448 The court affirmed that interest under section 34A(3A) of the Wealth-tax Act is allowable on refunds paid after March 31, 1975, where payments made prior to that date under section 15B were adjusted against wealth-tax demands. It was held that payments under section 15B should be deemed as payments made on the date of assessment, qualifying for interest. The court allowed interest on payments made before March 31, 1975, for the assessment year 1971-72, interpreting section 15B accordingly. The decision was based on precedents, including the principle that self-assessment tax payments should be treated as made on the date of the assessment order. en-us Mon, 13 Dec 2004 00:00:00 +0530 Wed, 15 Jul 2009 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10448 The court affirmed that interest under section 34A(3A) of the Wealth-tax Act is allowable on refunds paid after March 31, 1975, where payments made prior to that date under section 15B were adjusted against wealth-tax demands. It was held that payments under section 15B should be deemed as payments made on the date of assessment, qualifying for interest. The court allowed interest on payments made before March 31, 1975, for the assessment year 1971-72, interpreting section 15B accordingly. The decision was based on precedents, including the principle that self-assessment tax payments should be treated as made on the date of the assessment order. Case-Laws Wealth-tax Mon, 13 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10448