Commodities transaction tax notice of demand requires serving Form No. 2 when tax, interest or penalty is payable. The Assessing Officer must serve the assessee a notice of demand in Form No. 2 specifying the sum payable whenever any tax, interest or penalty is payable as a consequence of an order passed under Chapter VII of the Act, thereby formally communicating and quantifying liabilities arising from such Chapter VII orders for enforcement and compliance.
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Provisions expressly mentioned in the judgment/order text.
Commodities transaction tax notice of demand requires serving Form No. 2 when tax, interest or penalty is payable.
The Assessing Officer must serve the assessee a notice of demand in Form No. 2 specifying the sum payable whenever any tax, interest or penalty is payable as a consequence of an order passed under Chapter VII of the Act, thereby formally communicating and quantifying liabilities arising from such Chapter VII orders for enforcement and compliance.
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