https://www.taxtmi.com/caselaws?id=57088 The Appellate Tribunal ITAT Amritsar ruled in favor of the assessee in a dispute over the allowance of interest under section 214 of the IT Act for advance-tax payment for the assessment year 1973-74. The Tribunal held that the advance-tax was paid on time as per the specified dates in the law, considering the date of presentation of the cheque as the date of payment. Consequently, interest under section 214 was allowed to the assessee, with the Tribunal dismissing the departmental appeal and upholding the decision of the CIT (A). en-us Fri, 14 Aug 1981 00:00:00 +0530 Wed, 08 Dec 2010 14:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57088 The Appellate Tribunal ITAT Amritsar ruled in favor of the assessee in a dispute over the allowance of interest under section 214 of the IT Act for advance-tax payment for the assessment year 1973-74. The Tribunal held that the advance-tax was paid on time as per the specified dates in the law, considering the date of presentation of the cheque as the date of payment. Consequently, interest under section 214 was allowed to the assessee, with the Tribunal dismissing the departmental appeal and upholding the decision of the CIT (A). Case-Laws Income Tax Fri, 14 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57088