https://www.taxtmi.com/caselaws?id=55719 The Tribunal ruled in favor of the Revenue, holding that interest under section 234A should only be calculated based on advance-tax and tax deducted at source, excluding payments made after the end of the accounting year. The Tribunal emphasized the clear statutory provisions and rejected arguments regarding supposed hardships or inequitable consequences justifying a modification of the statutory provision. The decision highlighted that courts must adhere to the unambiguous language of the statute, leading to the reversal of the CIT(A)'s findings. 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=55719 The Tribunal ruled in favor of the Revenue, holding that interest under section 234A should only be calculated based on advance-tax and tax deducted at source, excluding payments made after the end of the accounting year. The Tribunal emphasized the clear statutory provisions and rejected arguments regarding supposed hardships or inequitable consequences justifying a modification of the statutory provision. The decision highlighted that courts must adhere to the unambiguous language of the statute, leading to the reversal of the CIT(A)'s findings. Case-Laws Income Tax Mon, 09 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55719