1980 (2) TMI 126 - AT - Income Tax

Summary

The appeal was filed by the assessee against the CIT's order under s. 263 for asst. yr. 1974-75. The CIT set aside the ITO's order for not charging interest under s. 217 due to non-compliance with s. 212(3) by the assessee. The ITAT Jabalpur found that the advance tax paid by the assessee was in compliance with s. 212(3) and not chargeable under s. 217, thus canceling the CIT's order under s. 263. The appeal was allowed. (Case: Appellate Tribunal ITAT Jabalpur, 1980 (2) TMI 126)