https://www.taxtmi.com/caselaws?id=22212 The High Court of Punjab and Haryana ruled in favor of the assessee in a dispute over interest payment on excess advance tax. The court held that interest should be paid if the entire advance tax amount is paid before the end of the financial year, regardless of due dates for instalments. The court emphasized that interest on advance tax is separate from penalty provisions for delayed payments. The judgment favored the assessee, rejecting the Commissioner's argument that interest is not payable if advance tax is paid after specified due dates. en-us Tue, 07 May 1991 00:00:00 +0530 Tue, 08 Dec 2009 11:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22212 The High Court of Punjab and Haryana ruled in favor of the assessee in a dispute over interest payment on excess advance tax. The court held that interest should be paid if the entire advance tax amount is paid before the end of the financial year, regardless of due dates for instalments. The court emphasized that interest on advance tax is separate from penalty provisions for delayed payments. The judgment favored the assessee, rejecting the Commissioner's argument that interest is not payable if advance tax is paid after specified due dates. Case-Laws Income Tax Tue, 07 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22212