https://www.taxtmi.com/caselaws?id=26351 The High Court of Karnataka ruled in favor of the assessee, a private limited company, in a case involving the validity of interest under section 214 and the admissibility of an appeal against interest levy under section 139(8) of the Income-tax Act, 1961. The Court held that the assessee's payment towards advance tax was valid, canceling the interest under section 139(8) and allowing interest under section 214 on the excess tax paid. The Court confirmed the maintainability of an appeal against the interest levy, affirming decisions in favor of the assessee made by lower authorities. en-us Fri, 11 Nov 1983 00:00:00 +0530 Thu, 04 Feb 2010 13:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26351 The High Court of Karnataka ruled in favor of the assessee, a private limited company, in a case involving the validity of interest under section 214 and the admissibility of an appeal against interest levy under section 139(8) of the Income-tax Act, 1961. The Court held that the assessee's payment towards advance tax was valid, canceling the interest under section 139(8) and allowing interest under section 214 on the excess tax paid. The Court confirmed the maintainability of an appeal against the interest levy, affirming decisions in favor of the assessee made by lower authorities. Case-Laws Income Tax Fri, 11 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26351