https://www.taxtmi.com/caselaws?id=21521 The High Court of PATNA addressed various legal questions under the Income-tax Act, 1961, for the assessment year 1974-75. The court clarified that interest under section 217(1A) is levied only if the assessee fails to submit the income estimate as required by section 212(3A). It was held that interest under section 215 applies if the estimate is filed but advance tax is not paid. The court ruled in favor of the assessee on all questions, including setting aside the Income-tax Officer's order and directing a refund of interest. The judgment did not award costs and directed transmission to the Income-tax Appellate Tribunal, Patna Bench. en-us Fri, 01 May 1992 00:00:00 +0530 Wed, 25 Nov 2009 11:34:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21521 The High Court of PATNA addressed various legal questions under the Income-tax Act, 1961, for the assessment year 1974-75. The court clarified that interest under section 217(1A) is levied only if the assessee fails to submit the income estimate as required by section 212(3A). It was held that interest under section 215 applies if the estimate is filed but advance tax is not paid. The court ruled in favor of the assessee on all questions, including setting aside the Income-tax Officer's order and directing a refund of interest. The judgment did not award costs and directed transmission to the Income-tax Appellate Tribunal, Patna Bench. Case-Laws Income Tax Fri, 01 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21521