https://www.taxtmi.com/caselaws?id=411934 The appellant successfully appealed against the orders of the ld. CIT(A) regarding default in payment of advance tax for AYs 2007-08 & 2008-09. The Tribunal ruled in favor of the assessee, stating that the payments were made on time but cleared by the bank after due dates, following Circular No. 676 of CBDT. As the assessing officer's decisions on interest u/s 234B and 234C were overturned, the interest receivable under Section 244A needed revision. Additionally, the Tribunal found in favor of the assessee regarding the addition on account of differences in income reported in AIR for AY 2009-10, resulting in all appeals being allowed. en-us Wed, 01 Sep 2021 00:00:00 +0530 Tue, 07 Sep 2021 08:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411934 The appellant successfully appealed against the orders of the ld. CIT(A) regarding default in payment of advance tax for AYs 2007-08 & 2008-09. The Tribunal ruled in favor of the assessee, stating that the payments were made on time but cleared by the bank after due dates, following Circular No. 676 of CBDT. As the assessing officer's decisions on interest u/s 234B and 234C were overturned, the interest receivable under Section 244A needed revision. Additionally, the Tribunal found in favor of the assessee regarding the addition on account of differences in income reported in AIR for AY 2009-10, resulting in all appeals being allowed. Case-Laws Income Tax Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411934