https://www.taxtmi.com/caselaws?id=58552 The Tribunal ruled in favor of the revenue, setting aside the Commissioner (Appeals)'s decision to allow interest under section 214 for an excess payment of advance tax made after the financial year. It held that the provisions of section 212(3A) allowing payments beyond the financial year to be treated as advance tax do not extend to section 214, which governs interest payments. The Tribunal emphasized that interest under section 214 is only payable on advance tax paid during the financial year, leading to the conclusion that the Commissioner (Appeals) erred in directing the ITO to allow interest in this case. en-us Thu, 19 Jan 1984 00:00:00 +0530 Mon, 20 Dec 2010 15:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58552 The Tribunal ruled in favor of the revenue, setting aside the Commissioner (Appeals)'s decision to allow interest under section 214 for an excess payment of advance tax made after the financial year. It held that the provisions of section 212(3A) allowing payments beyond the financial year to be treated as advance tax do not extend to section 214, which governs interest payments. The Tribunal emphasized that interest under section 214 is only payable on advance tax paid during the financial year, leading to the conclusion that the Commissioner (Appeals) erred in directing the ITO to allow interest in this case. Case-Laws Income Tax Thu, 19 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58552