SC: Reserved Category Candidate Who Availed Prelims Relaxation Cannot Claim an Unreserved Seat  ||  SC: Public Sector Enterprises Cannot Act Against Retired Employees Without Clear Rules  ||  Supreme Court: Single FIR is Permissible in Mass Cheating Cases Arising From One Conspiracy  ||  SC: Courts Cannot Take Cognizance of Time-Barred Cheque Bounce Cases Without Condoning Delay  ||  SC: Exoneration in Disciplinary Proceedings Does Not Always Bar Criminal Prosecution  ||  SC: Judge Cannot Be Presumed Biased Merely Because a Litigant’s Relative Is Police or Court Staff  ||  Delhi HC: Delays From Medical Review Cannot Justify Ante-Dated Seniority For BSF Candidates  ||  Allahabad HC: Being ‘Proclaimed Offender’ Does Not Completely Bar Grant of Anticipatory Bail  ||  Delhi HC: Abortion by a Married Woman For Marital Discord is Legal under The MTP Act  ||  NCLT Kochi: Fraud Has No Time Limit and Directors Cannot Use Delay As a Defense    

Bombay HC: Assessee Required to Pay Interest Where Advance Tax Paid Less Than 75% - (29 Dec 2021)

Bombay High Court has held that the assessee is required to pay interest where advance tax paid is less than 75% of the assessed tax in case against Bennet Coleman. The Court has clarified that under Section 215 of the Income Tax Act, 1961, Assessee is required to pay interest at a simple interest of 15% p.a. from the first day of April following the financial year up to the date of regular assessment.

Tags : BOMBAY HIGH COURT   INTEREST ON ADVANCE TAX  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved