https://www.taxtmi.com/caselaws?id=62763 Interest under section 220(2) becomes payable when the amount in a notice of demand is not paid within the statutory period. An interim stay on recovery does not erase the original default for interest purposes, and a later deletion of the demand in first appeal does not prevent revival of the original notice if the demand is restored in further appeal. The statutory scheme under section 220 and the Validation Act was applied to hold that interest runs with reference to the original demand notice until actual payment. Cases where the demand had already been satisfied were distinguished on that basis. en-us Fri, 20 Jun 2008 00:00:00 +0530 Wed, 12 Jun 2013 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62763 Interest under section 220(2) becomes payable when the amount in a notice of demand is not paid within the statutory period. An interim stay on recovery does not erase the original default for interest purposes, and a later deletion of the demand in first appeal does not prevent revival of the original notice if the demand is restored in further appeal. The statutory scheme under section 220 and the Validation Act was applied to hold that interest runs with reference to the original demand notice until actual payment. Cases where the demand had already been satisfied were distinguished on that basis. Case-Laws Income Tax Fri, 20 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62763