https://www.taxtmi.com/caselaws?id=17471 The Court held that payments made before the end of the accounting year should be treated as advance tax if accepted by the Income-tax Officer, preventing the levy of interest under section 139(8) of the Income-tax Act, 1961. It directed the Tribunal to reevaluate the eligibility of relief under section 80J for a new unit engaged in processing work, emphasizing the need to meet all conditions under section 80J(4) for such relief. The Court instructed the Tribunal to reconsider whether the unit qualified as engaged in manufacturing or production of articles, returning the matter for further review. en-us Tue, 25 Jun 1996 00:00:00 +0530 Tue, 22 Sep 2009 15:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17471 The Court held that payments made before the end of the accounting year should be treated as advance tax if accepted by the Income-tax Officer, preventing the levy of interest under section 139(8) of the Income-tax Act, 1961. It directed the Tribunal to reevaluate the eligibility of relief under section 80J for a new unit engaged in processing work, emphasizing the need to meet all conditions under section 80J(4) for such relief. The Court instructed the Tribunal to reconsider whether the unit qualified as engaged in manufacturing or production of articles, returning the matter for further review. Case-Laws Income Tax Tue, 25 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17471