https://www.taxtmi.com/caselaws?id=19038 The High Court affirmed the Tribunal's decision that payments made after the relevant financial year could not be considered as "advance tax" for interest calculation under section 139(8) of the Income-tax Act, 1961. The Court clarified that advance tax must be paid in accordance with specific provisions and timelines to qualify as such. The judgment upheld the Income-tax Officer's rectification concerning post-financial year payments and emphasized adherence to statutory requirements for advance tax treatment. en-us Thu, 14 Oct 1993 00:00:00 +0530 Tue, 03 Nov 2009 15:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19038 The High Court affirmed the Tribunal's decision that payments made after the relevant financial year could not be considered as "advance tax" for interest calculation under section 139(8) of the Income-tax Act, 1961. The Court clarified that advance tax must be paid in accordance with specific provisions and timelines to qualify as such. The judgment upheld the Income-tax Officer's rectification concerning post-financial year payments and emphasized adherence to statutory requirements for advance tax treatment. Case-Laws Income Tax Thu, 14 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19038