https://www.taxtmi.com/caselaws?id=28045 The court held that the interest on the sum of Rs. 14,86,360 paid on September 20, 1969, is payable under Section 214 of the Income-tax Act, 1961. The court found that the Income-tax Officer's actions, including the acceptance of the initial payment and subsequent demands, substantially complied with the relevant sections, making the advance tax "payable" and attracting the provisions of Section 214 for interest on the excess payment. The government was deemed liable to pay interest on the excess amount, affirming the Tribunal's decision in favor of the assessee. en-us Wed, 13 Apr 1983 00:00:00 +0530 Wed, 17 Feb 2010 15:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28045 The court held that the interest on the sum of Rs. 14,86,360 paid on September 20, 1969, is payable under Section 214 of the Income-tax Act, 1961. The court found that the Income-tax Officer's actions, including the acceptance of the initial payment and subsequent demands, substantially complied with the relevant sections, making the advance tax "payable" and attracting the provisions of Section 214 for interest on the excess payment. The government was deemed liable to pay interest on the excess amount, affirming the Tribunal's decision in favor of the assessee. Case-Laws Income Tax Wed, 13 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28045