https://www.taxtmi.com/caselaws?id=58673 A binding departmental circular treated the presentation of a local cheque as the date of payment if the cheque was received and sent for presentation immediately, so tax paid by cheques tendered before the due dates was regarded as paid on time. On that basis, the assessee became entitled to interest on excess advance tax under section 214 of the Income-tax Act, 1961. The failure to grant such interest was a patent mistake apparent from the record and could be corrected under section 154 rectification powers. The rectification order rejecting the claim was therefore set aside. en-us Tue, 15 Apr 1986 00:00:00 +0530 Tue, 21 Dec 2010 14:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58673 A binding departmental circular treated the presentation of a local cheque as the date of payment if the cheque was received and sent for presentation immediately, so tax paid by cheques tendered before the due dates was regarded as paid on time. On that basis, the assessee became entitled to interest on excess advance tax under section 214 of the Income-tax Act, 1961. The failure to grant such interest was a patent mistake apparent from the record and could be corrected under section 154 rectification powers. The rectification order rejecting the claim was therefore set aside. Case-Laws Income Tax Tue, 15 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58673