1980 (5) TMI 46

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....ec., 1973 an amount of Rs. 38,778 by way of advance tax. By the assessment order the ITO had directed that credited should be given for the advance-tax so deposited. As the accounting year of the assessee for the relevant asst. yr. Ended on 30th June, 1973, the last date for the payment of the last instalment of advance-tax was 15th Dec., 1973. On that date the assessee had also filed an estimate ....

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....nsel for the assessee contended that the expression "before the date on which last instalment of advance-tax is due" in sub-s. (3) of s. 212 has to be interpreted as meaning before the expiry of the date on which the last instalment of advance-tax is due. In support of his argument, he relied on the decision of the Indore Bench of this Tribunal in WTA No. 54 (Ind)/75-76 which interpreted the expre....