https://www.taxtmi.com/caselaws?id=29627 The court held that an assessee is entitled to interest under section 214 of the I.T. Act for advance tax paid after the due date but within the financial year. It concluded that advance tax paid within the financial year retains its character as advance tax, entitling the assessee to interest on any excess advance tax paid. The court also noted that payment by demand draft and cheque for advance tax purposes was not a significant issue in this case. The court allowed the appeals, quashed the orders denying interest, and directed the payment of interest on the excess advance tax. en-us Fri, 22 Jan 1982 00:00:00 +0530 Wed, 04 Feb 2015 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29627 The court held that an assessee is entitled to interest under section 214 of the I.T. Act for advance tax paid after the due date but within the financial year. It concluded that advance tax paid within the financial year retains its character as advance tax, entitling the assessee to interest on any excess advance tax paid. The court also noted that payment by demand draft and cheque for advance tax purposes was not a significant issue in this case. The court allowed the appeals, quashed the orders denying interest, and directed the payment of interest on the excess advance tax. Case-Laws Income Tax Fri, 22 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29627