Deemed validity of demand remains during appeal, with recovery validation applied and interest recalculated on subsequent revisions. A new sub-section deems a notice of demand valid while any appeal or proceeding in respect of the demand amount is pending, applying the effects of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964. An added proviso to interest rules provides that if an amount on which interest was payable is reduced and later increased by subsequent orders, the assessee shall be liable for interest from the day after the end of the period mentioned in the first notice of demand until payment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed validity of demand remains during appeal, with recovery validation applied and interest recalculated on subsequent revisions.
A new sub-section deems a notice of demand valid while any appeal or proceeding in respect of the demand amount is pending, applying the effects of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964. An added proviso to interest rules provides that if an amount on which interest was payable is reduced and later increased by subsequent orders, the assessee shall be liable for interest from the day after the end of the period mentioned in the first notice of demand until payment.
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