https://www.taxtmi.com/caselaws?id=27001 Interest under section 14A(7) of the Excess Profits Tax Act, 1940 is payable where a refund follows an assessment made while giving effect to appellate directions, because such an order remains an assessment under section 14 and constitutes a regular assessment for the provision. The statutory scheme treats provisional assessment and regular assessment as the two relevant forms of assessment, and the language of section 14A does not exclude an assessment order passed after appellate directions from that character. References to the Income-tax Acts, 1922 and 1961 do not alter the result, as their advance-tax provisions operate under a different scheme. en-us Fri, 05 Oct 1984 00:00:00 +0530 Wed, 10 Feb 2010 11:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27001 Interest under section 14A(7) of the Excess Profits Tax Act, 1940 is payable where a refund follows an assessment made while giving effect to appellate directions, because such an order remains an assessment under section 14 and constitutes a regular assessment for the provision. The statutory scheme treats provisional assessment and regular assessment as the two relevant forms of assessment, and the language of section 14A does not exclude an assessment order passed after appellate directions from that character. References to the Income-tax Acts, 1922 and 1961 do not alter the result, as their advance-tax provisions operate under a different scheme. Case-Laws Income Tax Fri, 05 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27001