https://www.taxtmi.com/caselaws?id=18957 The court ruled in favor of the assessee, holding that the amount paid should be considered as advance tax, thereby negating the levy of interest under section 139(8) of the Income-tax Act. The court emphasized that there was no delay in filing the return or payment of the advance tax due. Consequently, the court answered the questions in the negative, stating that no interest was leviable and that the assessee was entitled to a refund for overpayment of tax. No costs were awarded in this judgment. en-us Thu, 09 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 10:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18957 The court ruled in favor of the assessee, holding that the amount paid should be considered as advance tax, thereby negating the levy of interest under section 139(8) of the Income-tax Act. The court emphasized that there was no delay in filing the return or payment of the advance tax due. Consequently, the court answered the questions in the negative, stating that no interest was leviable and that the assessee was entitled to a refund for overpayment of tax. No costs were awarded in this judgment. Case-Laws Income Tax Thu, 09 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18957