High Court of Bombay at Goa Dismisses Revenue's Appeal in Income Tax Case — Filing of Statement Under Section 209A Does Not Automatically Lead to Underestimation of Advance Tax for Section 216 Interest. Interest under Section 216 of Income Tax Act, 1961 requires a finding of underestimation of income or profits, not merely a difference between estimated and actual income.
22 Aug 2005The case involves an appeal by the Commissioner of Income Tax (Revenue) against the order of the Income Tax Appellate Tribunal which upheld the deleti...






