Interest under section 216 requires a speaking order stating reasons and prior opportunity to be heard. Assessing officers must afford the assessee an opportunity of being heard before charging interest under section 216 and must record their findings and ... Summary
Interest under section 216 requires a speaking order stating reasons and prior opportunity to be heard.
Assessing officers must afford the assessee an opportunity of being heard before charging interest under section 216 and must record their findings and reasons in a speaking assessment order so appellate authorities can appreciate the issues.
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