https://www.taxtmi.com/caselaws?id=436700 Interest under section 234A is compensatory and is chargeable only on tax remaining unpaid after the due date for filing the return. Tax paid before the return is filed, including instalment payments and self-assessment tax, reduces the outstanding base from the respective dates of payment, so interest is computed only on the balance unpaid amount up to those dates and not up to the filing date; the assessee's computation was accepted and the contrary interest addition was set aside. en-us Wed, 18 Jan 2023 00:00:00 +0530 Tue, 18 Apr 2023 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436700 Interest under section 234A is compensatory and is chargeable only on tax remaining unpaid after the due date for filing the return. Tax paid before the return is filed, including instalment payments and self-assessment tax, reduces the outstanding base from the respective dates of payment, so interest is computed only on the balance unpaid amount up to those dates and not up to the filing date; the assessee's computation was accepted and the contrary interest addition was set aside. Case-Laws Income Tax Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436700