Supreme Court · 1997 INSC 358 · Decided 3 April 1997
AS. Glittre D/5 I/S Garonne and ORS. v. Commissioner of Income Tax, Kerala-Ii
- Court
- Supreme Court of India
- Citation
- 1997 INSC 358 · [1997] 3 S.C.R. 556
- Case number
- CIVIL APPEAL No. 8/1984
- Decided
- 3 April 1997
- Bench
- K.S. PARIPOORNAN, S.P. KURDUKAR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 172(4), 172(7)
Headnote
D/5 I/S GARONNE AND ORS. v. COMMISSIONER OF INCOME TAX, KERALA-II APRIL 3, 1997 B [K.S. PARIPOORNAN AND S.P. KURDUKAR, .JJ.j Income Tax Act, 1961: Sections 172(4) & (7) and 214. Advance Ta.:c-lnterest 01r--E11titlement to--AYs. 1967-68 and 1969- C 7{}--Assessee non-resident shipper paid with interest as the payment already made by the assessee under S.172(4) had to be treated as advance tax by legal fiction under D S.172(7~Hence, such payment would attract all the provisions relating to advance tax-Corresponding provision in the predecessor Act not identical to S.172(7; of the
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