SC: Under Order XXI Rule 102 CPC, A Transferee Pendente Lite Cannot Obstruct Execution of a Decree  ||  SC: RTE Act promotes fraternity and equality by children of judges and vendors studying together  ||  MP High Court: Aadhaar and Voter ID Cards are Not Definitive Proof of Date of Birth  ||  Chhattisgarh HC: Second Marriage During Subsisting First Marriage Void Unless Custom Permits It  ||  Allahabad HC: Will in Favor of Someone Does Not Affect Compassionate Appointment Based on Dependency  ||  MP High Court: Mere Illness of a Family Member, If Improving, is Not Sufficient for Interim Bail  ||  Bombay HC: ?25K Fine for Flying Kites With Nylon Manjha; Parents Must Ensure Responsible Conduct  ||  Delhi High Court: Home State Must be the First Preference For Claiming Insider IFS Cadre Allocation  ||  SC: Hindu Daughter-In-Law Widowed After Her Father-In-Law’s Death is Entitled to Maintenance  ||  SC: Vendor Remains a Necessary Party in Specific Performance Suits Even After Transferring Property    

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