Advance tax payment date dispute: electronic debit versus challan date - interest denied where bank debit occurred on the due date

Advance tax payment date dispute: electronic debit versus challan date - interest denied where bank debit occurred on the due date https://www.taxtmi.com/highlights?id=96624 Determination turns on whether electronic debit or challan generation marks the payment date for advance tax. The tribunal found that an electronic netbanking debit reflected in the taxpayer's bank statement on the statutory due date constitutes payment; delay in generation/credit of the challan due to bank/technical processes is beyond the taxpayer's control. The presumption that payment was timely stands unless Revenue proves otherwise. Consequently, interest under advancetax delay provisions was not leviable and the relief was granted to the taxpayer. en-us Thu, 05 Feb 2026 09:16:12 +0530 Thu, 05 Feb 2026 09:16:12 +0530 TaxTMI RSS Generator Advance tax payment date dispute: electronic debit versus challan date - interest denied where bank debit occurred on the due date https://www.taxtmi.com/highlights?id=96624 Determination turns on whether electronic debit or challan generation marks the payment date for advance tax. The tribunal found that an electronic netbanking debit reflected in the taxpayer's bank statement on the statutory due date constitutes payment; delay in generation/credit of the challan due to bank/technical processes is beyond the taxpayer's control. The presumption that payment was timely stands unless Revenue proves otherwise. Consequently, interest under advancetax delay provisions was not leviable and the relief was granted to the taxpayer. Highlights Income Tax Thu, 05 Feb 2026 09:16:12 +0530 https://www.taxtmi.com/highlights?id=96624