https://www.taxtmi.com/caselaws?id=38645 For section 214 of the Income-tax Act, 1961, "regular assessment" was treated as the first or original assessment for the year, so interest on excess advance tax was confined to the period ending with that assessment. A later assessment made only to give effect to appellate relief did not extend the interest period or change the point at which liability arose. The refusal to grant interest was also not regarded as an apparent mistake capable of rectification under section 154. On that basis, the claim for further interest and rectification failed. en-us Tue, 05 Apr 1977 00:00:00 +0530 Wed, 07 Apr 2010 18:37:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38645 For section 214 of the Income-tax Act, 1961, "regular assessment" was treated as the first or original assessment for the year, so interest on excess advance tax was confined to the period ending with that assessment. A later assessment made only to give effect to appellate relief did not extend the interest period or change the point at which liability arose. The refusal to grant interest was also not regarded as an apparent mistake capable of rectification under section 154. On that basis, the claim for further interest and rectification failed. Case-Laws Income Tax Tue, 05 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38645