https://www.taxtmi.com/caselaws?id=23865 The High Court of Calcutta ruled in favor of the assessee, holding that the assessee is entitled to interest under Section 214 of the Income-tax Act, 1961, even if advance tax payments were made after the specified due dates. The court emphasized that as long as the conditions of Section 214 are met, including payment during the financial year, interest should be payable by the Central Government. This decision aligned with the interpretation that belated payments should be considered for interest calculation under Section 214, irrespective of the due dates specified in the Act. en-us Tue, 18 Apr 1989 00:00:00 +0530 Thu, 14 Jan 2010 18:25:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23865 The High Court of Calcutta ruled in favor of the assessee, holding that the assessee is entitled to interest under Section 214 of the Income-tax Act, 1961, even if advance tax payments were made after the specified due dates. The court emphasized that as long as the conditions of Section 214 are met, including payment during the financial year, interest should be payable by the Central Government. This decision aligned with the interpretation that belated payments should be considered for interest calculation under Section 214, irrespective of the due dates specified in the Act. Case-Laws Income Tax Tue, 18 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23865