https://www.taxtmi.com/caselaws?id=786058 Payment initiated by net banking and debited from the assessee's account on 15 December 2023 was treated as payment within the statutory due date despite the challan reflecting 16 December 2023. The tribunal reasoned that crediting to the department is a bank-driven process prone to technical delay and that the revenue must prove a contrary fact; therefore interest for delayed advance tax was not leviable when the taxpayer's bank statement showed timely debit. Decision favoured the taxpayer on the date-of-payment issue and denied interest liability arising solely from a subsequent challan date. en-us Thu, 22 Jan 2026 00:00:00 +0530 Thu, 05 Feb 2026 09:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786058 Payment initiated by net banking and debited from the assessee's account on 15 December 2023 was treated as payment within the statutory due date despite the challan reflecting 16 December 2023. The tribunal reasoned that crediting to the department is a bank-driven process prone to technical delay and that the revenue must prove a contrary fact; therefore interest for delayed advance tax was not leviable when the taxpayer's bank statement showed timely debit. Decision favoured the taxpayer on the date-of-payment issue and denied interest liability arising solely from a subsequent challan date. Case-Laws Income Tax Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786058