https://www.taxtmi.com/caselaws?id=10763 The court held that the assessee was not liable to pay interest under section 216 as they had complied with the provisions of section 209A(1)(a) and later section 209A(4). The court emphasized that interest under section 216 is applicable only when an estimate is filed for the first two instalments and subsequently found to be an underestimate compared to the estimate filed before the last instalment. The appeal was dismissed in favor of the assessee with no order as to costs. en-us Mon, 22 Aug 2005 00:00:00 +0530 Fri, 24 Jul 2009 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10763 The court held that the assessee was not liable to pay interest under section 216 as they had complied with the provisions of section 209A(1)(a) and later section 209A(4). The court emphasized that interest under section 216 is applicable only when an estimate is filed for the first two instalments and subsequently found to be an underestimate compared to the estimate filed before the last instalment. The appeal was dismissed in favor of the assessee with no order as to costs. Case-Laws Income Tax Mon, 22 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10763