https://www.taxtmi.com/caselaws?id=57164 The Appellate Tribunal held that the assessee was entitled to claim interest under sections 214(2) and 244(1A) of the Income Tax Act from the prescribed date to the refund payment date. The Tribunal determined that the modification of the assessment through the appellate process constituted part of the regular assessment, entitling the assessee to interest on the excess advance tax paid. The Tribunal dismissed the revenue's cross-objection and upheld the claim of the assessee for interest, emphasizing the merger of advance tax into the tax demand upon regular assessment. en-us Sat, 18 Dec 1982 00:00:00 +0530 Wed, 08 Dec 2010 16:46:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57164 The Appellate Tribunal held that the assessee was entitled to claim interest under sections 214(2) and 244(1A) of the Income Tax Act from the prescribed date to the refund payment date. The Tribunal determined that the modification of the assessment through the appellate process constituted part of the regular assessment, entitling the assessee to interest on the excess advance tax paid. The Tribunal dismissed the revenue's cross-objection and upheld the claim of the assessee for interest, emphasizing the merger of advance tax into the tax demand upon regular assessment. Case-Laws Income Tax Sat, 18 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57164