https://www.taxtmi.com/caselaws?id=28348 The court held that interest under section 214 of the Income Tax Act is payable on excess tax if the entire advance tax is paid before the end of the financial year, regardless of strict adherence to due dates of instalments. Relying on a Division Bench decision, the court disagreed with contrary views from other High Courts and directed the respondent to pay interest at 12% per annum from April 1, 1975, to the date of regular assessment, along with costs to the petitioner. en-us Wed, 16 Feb 1983 00:00:00 +0530 Sat, 20 Feb 2010 18:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28348 The court held that interest under section 214 of the Income Tax Act is payable on excess tax if the entire advance tax is paid before the end of the financial year, regardless of strict adherence to due dates of instalments. Relying on a Division Bench decision, the court disagreed with contrary views from other High Courts and directed the respondent to pay interest at 12% per annum from April 1, 1975, to the date of regular assessment, along with costs to the petitioner. Case-Laws Income Tax Wed, 16 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28348