https://www.taxtmi.com/caselaws?id=17195 The High Court upheld the Tribunal's decision, ruling that the excess tax payment should be treated as advance tax, entitling the assessee to interest under section 214 of the IT Act, 1961. The Court emphasized the acceptance of the payment by the Department and the minimal difference between the tax demanded and paid amounts. It concluded that the CIT had no basis to interfere with the ITO's order under section 263, affirming the assessee's entitlement to interest on the excess tax paid. en-us Thu, 08 Aug 1996 00:00:00 +0530 Tue, 15 Sep 2009 17:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17195 The High Court upheld the Tribunal's decision, ruling that the excess tax payment should be treated as advance tax, entitling the assessee to interest under section 214 of the IT Act, 1961. The Court emphasized the acceptance of the payment by the Department and the minimal difference between the tax demanded and paid amounts. It concluded that the CIT had no basis to interfere with the ITO's order under section 263, affirming the assessee's entitlement to interest on the excess tax paid. Case-Laws Income Tax Thu, 08 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17195