https://www.taxtmi.com/caselaws?id=21329 The High Court of Gujarat, in a judgment delivered by M. B. Shah J., interpreted section 214 of the Income-tax Act regarding the grant of interest on excess advance tax paid. The court held that a revised assessment by the Appellate Commissioner qualifies as a regular assessment for the purpose of section 214(1). Relying on the Full Bench decision in Bardolia Textile Mills v. ITO, the court determined that interest on excess advance tax refunded should be paid up to the date of the regular assessment. The court allowed the petition, quashed the Income-tax Officer's order, and directed the respondent to consider the revised assessment for granting interest under section 214(1). en-us Wed, 08 Jan 1992 00:00:00 +0530 Sat, 21 Nov 2009 15:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21329 The High Court of Gujarat, in a judgment delivered by M. B. Shah J., interpreted section 214 of the Income-tax Act regarding the grant of interest on excess advance tax paid. The court held that a revised assessment by the Appellate Commissioner qualifies as a regular assessment for the purpose of section 214(1). Relying on the Full Bench decision in Bardolia Textile Mills v. ITO, the court determined that interest on excess advance tax refunded should be paid up to the date of the regular assessment. The court allowed the petition, quashed the Income-tax Officer's order, and directed the respondent to consider the revised assessment for granting interest under section 214(1). Case-Laws Income Tax Wed, 08 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21329