https://www.taxtmi.com/caselaws?id=60420 Interest under section 214 of the Income-tax Act, 1961 is payable on refundable advance tax where the payment is made within the statutory advance-tax schedule and the assessment ultimately shows excess tax paid. The analysis treats the timing of deposit as compliant when the instalment is paid before the last permissible date under the advance-tax provisions, even if it follows the due date in a broader sense. On that basis, the claim for interest on the refunded advance tax was sustained and the Department's challenge failed. en-us Wed, 16 Apr 1986 00:00:00 +0530 Wed, 05 Jan 2011 12:21:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60420 Interest under section 214 of the Income-tax Act, 1961 is payable on refundable advance tax where the payment is made within the statutory advance-tax schedule and the assessment ultimately shows excess tax paid. The analysis treats the timing of deposit as compliant when the instalment is paid before the last permissible date under the advance-tax provisions, even if it follows the due date in a broader sense. On that basis, the claim for interest on the refunded advance tax was sustained and the Department's challenge failed. Case-Laws Income Tax Wed, 16 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60420