https://www.taxtmi.com/caselaws?id=16701 The court upheld the Tribunal's decisions in favor of the assessee. It ruled that an appeal is maintainable against the levy of interest under section 139(8) of the Income-tax Act, citing the improper exercise of power by the assessing authority as grounds for appeal. Additionally, it held that belated advance tax payments made within the financial year should be treated as advance tax and credited for calculating interest under section 139(8), in line with the provisions of the Income-tax Act. en-us Mon, 29 Jun 1998 00:00:00 +0530 Wed, 09 Sep 2009 15:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16701 The court upheld the Tribunal's decisions in favor of the assessee. It ruled that an appeal is maintainable against the levy of interest under section 139(8) of the Income-tax Act, citing the improper exercise of power by the assessing authority as grounds for appeal. Additionally, it held that belated advance tax payments made within the financial year should be treated as advance tax and credited for calculating interest under section 139(8), in line with the provisions of the Income-tax Act. Case-Laws Income Tax Mon, 29 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16701