1967 (1) TMI 14 - HC - Income Tax

Whether an estimate 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 - held no

Summary

The High Court of Madras dismissed a petition for prohibition regarding the payment of advance tax instalment based on an estimate sent after the due date. The court held that the estimate must be sent before the due date for the assessee to pay the tax in accordance with it. The petition was dismissed with costs.