https://www.taxtmi.com/caselaws?id=37190 The Tribunal upheld the decision to grant interest under section 214 to the film producer firm, rejecting the Addl. CIT's order to cancel the interest. It was determined that the payment made on March 15, 1965, qualified as advance tax under the statute, entitling the assessee to the interest. The Tribunal emphasized the mandatory nature of interest payment under sections 214 and 217, ultimately ruling in favor of the assessee and setting aside the Commissioner's order for interest recovery under section 217. en-us Mon, 04 Dec 1978 00:00:00 +0530 Sat, 27 Mar 2010 11:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37190 The Tribunal upheld the decision to grant interest under section 214 to the film producer firm, rejecting the Addl. CIT's order to cancel the interest. It was determined that the payment made on March 15, 1965, qualified as advance tax under the statute, entitling the assessee to the interest. The Tribunal emphasized the mandatory nature of interest payment under sections 214 and 217, ultimately ruling in favor of the assessee and setting aside the Commissioner's order for interest recovery under section 217. Case-Laws Income Tax Mon, 04 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37190