https://www.taxtmi.com/caselaws?id=792890 Advance tax must be estimated on the basis of the law in force when it is computed and paid. Where the assessee had correctly estimated income and paid advance tax under the then-existing legal position, a later deferment of the applicability of ICDS, occurring after the relevant advance-tax dates, could not create a default for section 234B purposes. Interest under section 234B was therefore held not leviable on the additional liability arising only from the subsequent change in law, and the interest addition was deleted in favour of the assessee. en-us Wed, 13 May 2026 00:00:00 +0530 Fri, 05 Jun 2026 08:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792890 Advance tax must be estimated on the basis of the law in force when it is computed and paid. Where the assessee had correctly estimated income and paid advance tax under the then-existing legal position, a later deferment of the applicability of ICDS, occurring after the relevant advance-tax dates, could not create a default for section 234B purposes. Interest under section 234B was therefore held not leviable on the additional liability arising only from the subsequent change in law, and the interest addition was deleted in favour of the assessee. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792890