https://www.taxtmi.com/caselaws?id=23595 The court ruled in favor of the assessee, holding that interest is payable under section 214 on excess advance tax up to the date of the revised assessment following an appellate order. The court favored a broad interpretation of "regular assessment," emphasizing the compensatory nature of interest and legislative amendments supporting the payment of interest even after appellate modifications. The decision aligned with the principle that appellate and revisional orders replace the original assessment, making the final order the effective "regular assessment." en-us Fri, 05 Jan 1990 00:00:00 +0530 Tue, 22 Dec 2009 13:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23595 The court ruled in favor of the assessee, holding that interest is payable under section 214 on excess advance tax up to the date of the revised assessment following an appellate order. The court favored a broad interpretation of "regular assessment," emphasizing the compensatory nature of interest and legislative amendments supporting the payment of interest even after appellate modifications. The decision aligned with the principle that appellate and revisional orders replace the original assessment, making the final order the effective "regular assessment." Case-Laws Income Tax Fri, 05 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23595