Allowing the petition the Court held that interest cannot be levied under section 220(2) when the advance taxes were in fact paid on time though mistakenly in the assessee’s minor son’s PAN number. Directed for waiver of interest. (AY 2009-10, 2011-12)
Fuaad Musvee v. PCIT (2023) 455 ITR 243/ 335 CTR 217 /147 taxmann.com 426 (Mad)(HC)
S. 220 : Collection and recovery-Assessee deemed in default-Waiver of interest Tax paid through the PAN of minor son-Denying the credit is not justified-Directed to waiver of interest.[S.64, 220(2A), 244A, Art. 226]