Interest under section 216 requires recorded reasons and prior hearing of the assessee before levy. Levy of interest under section 216 requires a speaking order recording reasons that the reduction or deferment of instalments arose from underestimation of advance tax or wrongful deferment by the assessee; the assessing officer must hear the assessee, assess the mens rea, and record findings and rationale in the assessment order to enable appellate review.
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.
Interest under section 216 requires recorded reasons and prior hearing of the assessee before levy.
Levy of interest under section 216 requires a speaking order recording reasons that the reduction or deferment of instalments arose from underestimation of advance tax or wrongful deferment by the assessee; the assessing officer must hear the assessee, assess the mens rea, and record findings and rationale in the assessment order to enable appellate review.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
