Income tax amendment: no interest on penalty demands until appellate orders are passed. No interest shall be charged under section 220(2) in respect of any demand raised on account of a penalty for under reporting until the date of passing of the order by the Commissioner (Appeals) or, where assessment/reassessment follows Dispute Resolution Panel directions, until the date of passing of the order by the Appellate Tribunal; amendment is retrospective to 1 March 2026.
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Provisions expressly mentioned in the judgment/order text.
Income tax amendment: no interest on penalty demands until appellate orders are passed.
No interest shall be charged under section 220(2) in respect of any demand raised on account of a penalty for under reporting until the date of passing of the order by the Commissioner (Appeals) or, where assessment/reassessment follows Dispute Resolution Panel directions, until the date of passing of the order by the Appellate Tribunal; amendment is retrospective to 1 March 2026.
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