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2010 (4) TMI 887 - ITAT DELHIAdvance tax - interest on the amount of prepaid taxes – Held that:- Interest payable under section 214 will increase or decrease in accordance with the variation in the quantum of the excess payment of tax brought about by orders passed subsequent to the regular assessment as mentioned in sub-section (1A) - assessee is entitled to grant of interest under section 214 and under section 244(1A) – in favor of assessee Once the amount of advance tax is treated as payment of tax in respect of income of the relevant previous year and credit as such for the amount has been given to the assessee in the assessment order, the amount loses its character of advance tax and becomes income-tax paid in respect of the income of the relevant previous year
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