1967 (1) TMI 14

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....te of income and tax made and sent on a due date for payment of advance tax instalment will entitle the assessee to pay the same in accordance with that estimate and not as per demand of advance tax. The last completed assessment on the assessee was for the assessment year 1959-60. The tax assessed for that year was Rs. 1,37,349.26. On August 13, 1962 by a notice of the Income-tax Officer, the ass....

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....that, in order that an assessee may pay a particular instalment of advance tax in accordance with his estimate, the estimate must be sent in the prescribed form before the date on which that instalment became due. This is clear from the first part of section 212(1) which is followed up in section 218(1). The latter provision indicates when an assessee can be regarded as a defaulter. It says that i....