https://www.taxtmi.com/caselaws?id=55718 The Tribunal ruled in favor of the Revenue, holding that interest computation under section 234A should only consider advance-tax and tax deducted at source, excluding payments made after the accounting year. The Tribunal emphasized adherence to clear statutory provisions and rejected arguments of injustice or hardship in excluding post-accounting year payments for interest calculation. Referring to legislative amendments introduced by the Finance Act, 2001, and judicial precedents, the Tribunal reversed the CIT(A)'s findings and allowed the Revenue's appeal based on the strict interpretation of the statutory provisions governing interest calculation under section 234A. en-us Mon, 09 Jul 2001 00:00:00 +0530 Mon, 29 Nov 2010 16:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55718 The Tribunal ruled in favor of the Revenue, holding that interest computation under section 234A should only consider advance-tax and tax deducted at source, excluding payments made after the accounting year. The Tribunal emphasized adherence to clear statutory provisions and rejected arguments of injustice or hardship in excluding post-accounting year payments for interest calculation. Referring to legislative amendments introduced by the Finance Act, 2001, and judicial precedents, the Tribunal reversed the CIT(A)'s findings and allowed the Revenue's appeal based on the strict interpretation of the statutory provisions governing interest calculation under section 234A. Case-Laws Income Tax Mon, 09 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55718