https://www.taxtmi.com/caselaws?id=38259 The court ruled in favor of the assessee, finding that the failure to encash the cheque for advance tax payment was not the assessee's fault. Despite interest being levied under sections 217(1A) and 139(8), the court held that the assessee had fulfilled the requirements by filing an estimate and opting to pay by cheque as per circular guidelines. The court emphasized the importance of meeting all estimate requirements to avoid penal interest, ultimately deciding in favor of the assessee and against the department, with no costs awarded. en-us Wed, 23 Nov 1977 00:00:00 +0530 Mon, 05 Apr 2010 12:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38259 The court ruled in favor of the assessee, finding that the failure to encash the cheque for advance tax payment was not the assessee's fault. Despite interest being levied under sections 217(1A) and 139(8), the court held that the assessee had fulfilled the requirements by filing an estimate and opting to pay by cheque as per circular guidelines. The court emphasized the importance of meeting all estimate requirements to avoid penal interest, ultimately deciding in favor of the assessee and against the department, with no costs awarded. Case-Laws Income Tax Wed, 23 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38259