https://www.taxtmi.com/caselaws?id=57102 Section 214 interest is computed with reference to the tax finally determined after effect is given to appellate orders, because "regular assessment" under section 2(40) includes the assessment ultimately made on such final computation. Where advance tax exceeds that final tax liability, interest is payable on the excess. The appellate direction to grant interest was consistent with the statutory scheme, and the assessee's claim succeeded on that basis. en-us Tue, 03 Oct 1978 00:00:00 +0530 Wed, 08 Dec 2010 14:44:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57102 Section 214 interest is computed with reference to the tax finally determined after effect is given to appellate orders, because "regular assessment" under section 2(40) includes the assessment ultimately made on such final computation. Where advance tax exceeds that final tax liability, interest is payable on the excess. The appellate direction to grant interest was consistent with the statutory scheme, and the assessee's claim succeeded on that basis. Case-Laws Income Tax Tue, 03 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57102