A.S. Glittre D/I/5 Garonne & Ors. vs Commissioner Of Income Tax

Authority: Supreme Court Date: 1997-04-03 AY: 1967-68, 1968-69, 1969-70 Section: 2(1), 172(4), 172(7), 214 Acts: Income Tax Act 1961 Result: Assessee Citation: (1997) 140 CTR (SC) 97 : (1997) 225 ITR 739 (SC) : (1997) 91 TAXMAN 286 Justices: K.S. Paripoornan & S.P. Kurdukar, JJ. Appeal No: Civil Appeal Nos. 8-13 of 1984
Whether the amount directed under section 172(7) of the Income Tax Act to be treated as a payment in advance of the tax leviable for the assessment year would carry interest as the amount of advance tax would under section 214 as the same is payable under sections 207 to 213 of the Act --- Held Yes

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