https://www.taxtmi.com/caselaws?id=17333 The High Court ruled in favor of the assessee for the assessment years 1977-78 and 1979-80 regarding the interpretation of section 214 of the Income-tax Act. The Court held that payments made by the assessee before the end of the financial year and for which credit for advance tax was received should be eligible for interest under section 214, despite not strictly adhering to the provisions of sections 207 to 213 of the Act. The decision was based on established precedents and settled law, ultimately favoring the assessee over the Revenue. en-us Mon, 28 Jul 1997 00:00:00 +0530 Mon, 21 Sep 2009 16:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17333 The High Court ruled in favor of the assessee for the assessment years 1977-78 and 1979-80 regarding the interpretation of section 214 of the Income-tax Act. The Court held that payments made by the assessee before the end of the financial year and for which credit for advance tax was received should be eligible for interest under section 214, despite not strictly adhering to the provisions of sections 207 to 213 of the Act. The decision was based on established precedents and settled law, ultimately favoring the assessee over the Revenue. Case-Laws Income Tax Mon, 28 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17333