https://www.taxtmi.com/caselaws?id=19823 HC held that for purposes of interest under section 214 on excess advance tax, the determinative condition is payment of the entire advance tax on or before the end of the financial year, irrespective of minor delays in individual instalments beyond prescribed due dates. Since the assessee had fully paid advance tax within the financial year, denial of interest solely on the ground of delayed instalments was held illegal. HC quashed the orders of the Income-tax Officer and Commissioner and directed payment of interest under section 214, including interest on such interest at 12% from July 25, 1978 to September 30, 1984, and 15% thereafter until actual payment. en-us Mon, 25 Oct 1993 00:00:00 +0530 Sat, 13 Dec 2025 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19823 HC held that for purposes of interest under section 214 on excess advance tax, the determinative condition is payment of the entire advance tax on or before the end of the financial year, irrespective of minor delays in individual instalments beyond prescribed due dates. Since the assessee had fully paid advance tax within the financial year, denial of interest solely on the ground of delayed instalments was held illegal. HC quashed the orders of the Income-tax Officer and Commissioner and directed payment of interest under section 214, including interest on such interest at 12% from July 25, 1978 to September 30, 1984, and 15% thereafter until actual payment. Case-Laws Income Tax Mon, 25 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19823