Law:

Section:

Section 214 of the Income-tax Act, 1961 - Advance tax - Interest payable by Government - Assessment years 1969-70 and 1970-71 - Whether in view of decision in CIT v. Tata Chemicals Ltd. [1988] 169 ITR 314 (Bom.), it was to be held that assessee was entitled to interest under section 214, for each of assessment years under consideration up to date of receipt of refund order - Held, yes Note : The decision was in favour of assessee. CASE REVIEW CIT v. Tata Chemicals Ltd.[1988] 169 ITR 314 (Bom.)followed and relied upon. CASES REFERRED TO CIT v. TataChemicals Ltd. [1988] 169 ITR 314 (Bom.) and CIT v. Carona Sahu Co. Ltd. [1984] 146 ITR 452 (Bom.) (FB). Dr. V. Balasubramanian and K.C. Sidhwa for the Applicant. F.V. Irani for the Respondent. JUDGMENT T.D. Sugla, J.-In this departmental reference relating to the assessee's assessment for the assessment years 1969-70 and 1970-71, the Tribunal has referred to this court only one question of law for our opinion. The question is : "Whether, on the facts and in the circumstances of the case, the assessee was entitled to interest under section 214 of the Income-tax Act, 1961, for…

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