https://www.taxtmi.com/caselaws?id=28120 Where the assessee's relevant share income became known only after the last instalment of advance tax had fallen due, failure to furnish a revised estimate under section 212(3A) of the Income-tax Act, 1961 was not treated as a default attracting adverse consequence. The High Court also held that, on the admitted facts, interest charged under section 217(1A) was capable of rectification under section 154 because the error was apparent on the record and the assessee had reasonable cause for not filing the estimate in time. The matter was therefore resolved in favour of the assessee. en-us Mon, 16 May 1983 00:00:00 +0530 Fri, 19 Feb 2010 11:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28120 Where the assessee's relevant share income became known only after the last instalment of advance tax had fallen due, failure to furnish a revised estimate under section 212(3A) of the Income-tax Act, 1961 was not treated as a default attracting adverse consequence. The High Court also held that, on the admitted facts, interest charged under section 217(1A) was capable of rectification under section 154 because the error was apparent on the record and the assessee had reasonable cause for not filing the estimate in time. The matter was therefore resolved in favour of the assessee. Case-Laws Income Tax Mon, 16 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28120