https://www.taxtmi.com/caselaws?id=60468 The Appellate Tribunal held that the deposit made by the assessee on 15-12-1976, the due date for the last advance tax installment, was timely under the Companies Deposit Scheme. The Tribunal concluded that the Income Tax Officer did not err in allowing credit for the deposit initially, and thus, the provisions of section 154 were deemed inapplicable. As a result, the Tribunal ruled in favor of the assessee, canceling the ITO's order under section 154. en-us Sat, 29 Sep 1984 00:00:00 +0530 Wed, 05 Jan 2011 14:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60468 The Appellate Tribunal held that the deposit made by the assessee on 15-12-1976, the due date for the last advance tax installment, was timely under the Companies Deposit Scheme. The Tribunal concluded that the Income Tax Officer did not err in allowing credit for the deposit initially, and thus, the provisions of section 154 were deemed inapplicable. As a result, the Tribunal ruled in favor of the assessee, canceling the ITO's order under section 154. Case-Laws Income Tax Sat, 29 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60468