https://www.taxtmi.com/caselaws?id=25263 The High Court declined to answer the question of whether the assessee's failure to submit a revised return under the Income-tax Act attracted interest, citing the insignificance of the amount involved. The Court noted the absence of a formal finding that the assessee underestimated advance tax, despite authorities indicating that accurate estimation was feasible by a certain date. The matter was disposed of without a response, emphasizing that prolonging proceedings for a small amount was unwarranted. en-us Wed, 08 Jul 1987 00:00:00 +0530 Wed, 27 Jan 2010 15:45:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25263 The High Court declined to answer the question of whether the assessee's failure to submit a revised return under the Income-tax Act attracted interest, citing the insignificance of the amount involved. The Court noted the absence of a formal finding that the assessee underestimated advance tax, despite authorities indicating that accurate estimation was feasible by a certain date. The matter was disposed of without a response, emphasizing that prolonging proceedings for a small amount was unwarranted. Case-Laws Income Tax Wed, 08 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25263