https://www.taxtmi.com/caselaws?id=55861 The Tribunal declined to make a reference to the High Court on all four issues raised by the Revenue. It held that the validity of levy of interest under s. 215 of the IT Act was not addressed in the order, considered the last installment tax payment as advance tax, granted rectification based on factual findings, and applied the provisions of the Indian Contract Act regarding appropriation of debt to payments made as advance tax. The Tribunal's decisions were supported by factual findings, leading to the rejection of the proposed references on all issues. en-us Thu, 21 Jun 1984 00:00:00 +0530 Tue, 30 Nov 2010 14:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55861 The Tribunal declined to make a reference to the High Court on all four issues raised by the Revenue. It held that the validity of levy of interest under s. 215 of the IT Act was not addressed in the order, considered the last installment tax payment as advance tax, granted rectification based on factual findings, and applied the provisions of the Indian Contract Act regarding appropriation of debt to payments made as advance tax. The Tribunal's decisions were supported by factual findings, leading to the rejection of the proposed references on all issues. Case-Laws Income Tax Thu, 21 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55861