https://www.taxtmi.com/caselaws?id=27289 The court held that interest under section 214 of the Income Tax Act cannot be enhanced due to a reduction in tax liability by a revised order. The term "regular assessment" refers to the initial assessment made by the Income Tax Officer and not subsequent assessments resulting from appellate orders. The court clarified that interest is payable only on the excess amount of advance tax paid initially. The court did not address the appealability of the order passed by the Income Tax Officer as it was rendered moot by the decision on the first issue. en-us Tue, 23 Jul 1985 00:00:00 +0530 Thu, 11 Feb 2010 18:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27289 The court held that interest under section 214 of the Income Tax Act cannot be enhanced due to a reduction in tax liability by a revised order. The term "regular assessment" refers to the initial assessment made by the Income Tax Officer and not subsequent assessments resulting from appellate orders. The court clarified that interest is payable only on the excess amount of advance tax paid initially. The court did not address the appealability of the order passed by the Income Tax Officer as it was rendered moot by the decision on the first issue. Case-Laws Income Tax Tue, 23 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27289