https://www.taxtmi.com/caselaws?id=62597 The Tribunal partly allowed the appeal, directing the Assessing Officer to recalculate the interest amount charged under section 220(2) based on payments made by the assessee during the relevant period. The Tribunal upheld the levy of interest, citing decisions of the Hon'ble Kerala High Court, CBDT Circular No. 334, and judgments from other High Courts supporting the Revenue's position. The matter was restored to the Assessing Officer for verification of payment details in accordance with the Tribunal's direction. en-us Mon, 31 Jul 1995 00:00:00 +0530 Thu, 20 Jan 2011 16:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62597 The Tribunal partly allowed the appeal, directing the Assessing Officer to recalculate the interest amount charged under section 220(2) based on payments made by the assessee during the relevant period. The Tribunal upheld the levy of interest, citing decisions of the Hon'ble Kerala High Court, CBDT Circular No. 334, and judgments from other High Courts supporting the Revenue's position. The matter was restored to the Assessing Officer for verification of payment details in accordance with the Tribunal's direction. Case-Laws Income Tax Mon, 31 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62597