https://www.taxtmi.com/caselaws?id=57445 The Tribunal held in favor of the assessee, ruling that the payment made should be recognized as advance tax for the subsequent assessment year. The Tribunal emphasized that the estimate filed by the assessee should not be disregarded solely because there was no legal obligation to file it, and that the payment exceeded the tax determined on assessment, entitling the assessee to interest under section 214. The Tribunal rejected the Department's argument that the filing of an estimate was unnecessary due to the absence of a statement of advance tax, clarifying that the two were not interdependent requirements. en-us Wed, 28 Feb 1990 00:00:00 +0530 Fri, 10 Dec 2010 12:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57445 The Tribunal held in favor of the assessee, ruling that the payment made should be recognized as advance tax for the subsequent assessment year. The Tribunal emphasized that the estimate filed by the assessee should not be disregarded solely because there was no legal obligation to file it, and that the payment exceeded the tax determined on assessment, entitling the assessee to interest under section 214. The Tribunal rejected the Department's argument that the filing of an estimate was unnecessary due to the absence of a statement of advance tax, clarifying that the two were not interdependent requirements. Case-Laws Income Tax Wed, 28 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57445