https://www.taxtmi.com/caselaws?id=19430 The court ruled in favor of the petitioner, a company challenging an order dismissing its claim for interest under section 244(1A) of the Income-tax Act on excess advance tax paid. The court held that excess advance tax loses its identity upon adjustment to tax liability, entitling the assessee to interest on the excess amount. The court differentiated between interest provisions under sections 132B(4) and 244(1A), emphasizing the need for payment pursuant to a demand for interest under section 244(1A). The court allowed the writ petition, quashing the order and granting the petitioner interest as claimed under section 244(1A. en-us Fri, 13 Jan 1995 00:00:00 +0530 Fri, 06 Nov 2009 11:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19430 The court ruled in favor of the petitioner, a company challenging an order dismissing its claim for interest under section 244(1A) of the Income-tax Act on excess advance tax paid. The court held that excess advance tax loses its identity upon adjustment to tax liability, entitling the assessee to interest on the excess amount. The court differentiated between interest provisions under sections 132B(4) and 244(1A), emphasizing the need for payment pursuant to a demand for interest under section 244(1A). The court allowed the writ petition, quashing the order and granting the petitioner interest as claimed under section 244(1A. Case-Laws Income Tax Fri, 13 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19430