https://www.taxtmi.com/caselaws?id=36100 The court ruled against the assessees, stating that the excess tax paid under Section 172(4) does not qualify for interest under Section 214 as it is not deemed advance tax. The court clarified that payments under Section 172 are for actual assessment, not advance tax, and therefore do not attract interest under Section 214. en-us Tue, 24 Mar 1981 00:00:00 +0530 Fri, 19 Mar 2010 12:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36100 The court ruled against the assessees, stating that the excess tax paid under Section 172(4) does not qualify for interest under Section 214 as it is not deemed advance tax. The court clarified that payments under Section 172 are for actual assessment, not advance tax, and therefore do not attract interest under Section 214. Case-Laws Income Tax Tue, 24 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36100