1984 (5) TMI 88

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....e members of the same family. Common ground in all these three appeals relates to the direction of the CIT (A to grant interest under s. 214 on advance tax paid though some of the instalments were paid after the statutory date but before the end of the financial year. The Department has further challenged the direction of the CIT (A) that the interest should be granted from1st April, 1978 to the d....

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....interest under s. 214 on the advance tax paid prior to the end of the financial year finds support from various cases including the decision of the Madhya Pradesh High Court in CIT vs. Jagannath Narayan Kutumbik Trust (1983) 144 ITR 526 (MP). similar view has been taken by the Gujarat High Court in the case of Chandrakant Damodardas vs. ITO (1980) 16 CTR (Guj) 1 : (1981) 123 ITR 748 (Bom) and Bomb....