1996 (2) TMI 74 - HC - Income Tax

Advance Tax Interest On Excess Payment Interest Payable By Government Original Assessment Regular Assessment

Summary

The High Court of Kerala dismissed the petition under section 256(2) of the Income-tax Act, 1961, as the question raised by the assessee regarding the term "regular assessment" had already been addressed by the Supreme Court in a previous case. The court declined to refer the question for consideration based on the Supreme Court's authoritative pronouncement.