https://www.taxtmi.com/caselaws?id=285430 A defect in the advance-tax demand notice did not invalidate interest under Section 18A(6) of the Income-tax Act, 1922, because the assessee's own estimate and actual deposit governed the levy and no prejudice was shown. The earlier demand figure ceased to be relevant once the assessee made his own estimate and paid tax on that basis, so the interest demand stood. The fifth proviso to Section 18A(6) and Rule 48 conferred only discretionary power to reduce or waive interest, and no enforceable entitlement was established. The challenge to the interest levy therefore failed, and the writ petition was dismissed with costs. en-us Mon, 23 Feb 1959 00:00:00 +0530 Sat, 11 Jan 2020 12:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285430 A defect in the advance-tax demand notice did not invalidate interest under Section 18A(6) of the Income-tax Act, 1922, because the assessee's own estimate and actual deposit governed the levy and no prejudice was shown. The earlier demand figure ceased to be relevant once the assessee made his own estimate and paid tax on that basis, so the interest demand stood. The fifth proviso to Section 18A(6) and Rule 48 conferred only discretionary power to reduce or waive interest, and no enforceable entitlement was established. The challenge to the interest levy therefore failed, and the writ petition was dismissed with costs. Case-Laws Income Tax Mon, 23 Feb 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285430