2001 (1) TMI 73 - HC - Income Tax

Summary

The High Court of Delhi ruled in favor of the assessee regarding the inclusion of a sum of Rs. 1,24,000 in calculating interest under section 217(1A) of the Income-tax Act, 1961. The court held that the payment made before the due date had to be considered, despite the estimate being filed after the due date. The decision was influenced by previous cases such as CIT v. Eskay Electronics (India) Limited and Bakelite Hylam Limited v. CIT.