https://www.taxtmi.com/caselaws?id=23694 The High Court held that the Government is liable to pay interest under section 214 of the Income-tax Act, 1961, on excess advance tax paid during the financial year, even if not paid on specified due dates. The court emphasized that payments made within the financial year after due dates should not be excluded, as they cover the tax liability for the entire year. The decision overturned the Commissioner's order and directed the Government to pay interest in accordance with the judgment, aligning with previous rulings that establish the Government's obligation to pay interest on excess advance tax paid during the financial year. en-us Thu, 20 Jul 1989 00:00:00 +0530 Wed, 23 Dec 2009 12:24:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23694 The High Court held that the Government is liable to pay interest under section 214 of the Income-tax Act, 1961, on excess advance tax paid during the financial year, even if not paid on specified due dates. The court emphasized that payments made within the financial year after due dates should not be excluded, as they cover the tax liability for the entire year. The decision overturned the Commissioner's order and directed the Government to pay interest in accordance with the judgment, aligning with previous rulings that establish the Government's obligation to pay interest on excess advance tax paid during the financial year. Case-Laws Income Tax Thu, 20 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23694