https://www.taxtmi.com/caselaws?id=19170 The High Court of Rajasthan ruled that interest under section 214 of the Income-tax Act should not be granted for tax refunded from deductions at source. The court distinguished between advance tax and tax deducted at source, emphasizing that section 214 applies only to advance tax payments, not tax deductions at source. The judgment highlighted the specific provisions of the Act and legal precedents supporting the interpretation that interest is not applicable to tax deducted at source refunds. The court's decision favored the Revenue, emphasizing the legal distinction and lack of equity in interest payment for tax refunds. en-us Thu, 17 Feb 1994 00:00:00 +0530 Wed, 04 Nov 2009 13:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19170 The High Court of Rajasthan ruled that interest under section 214 of the Income-tax Act should not be granted for tax refunded from deductions at source. The court distinguished between advance tax and tax deducted at source, emphasizing that section 214 applies only to advance tax payments, not tax deductions at source. The judgment highlighted the specific provisions of the Act and legal precedents supporting the interpretation that interest is not applicable to tax deducted at source refunds. The court's decision favored the Revenue, emphasizing the legal distinction and lack of equity in interest payment for tax refunds. Case-Laws Income Tax Thu, 17 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19170