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<h1>Assessing Officer Must Issue Demand Notice in Form No. 4 for Payable Tax, Interest, or Penalty Under Chapter VII.</h1> When a tax, interest, or penalty becomes payable due to an order under Chapter VII of the Act, the Assessing Officer is required to issue a notice of demand to the assessee. This notice, in Form No. 4, will specify the amount that needs to be paid.