https://www.taxtmi.com/caselaws?id=218663 The court analyzed the liability to pay interest under section 140A of the Income Tax Act, 1961, emphasizing that failure to pay self-assessed tax deems the assessee to be in default. It determined that interest is chargeable from the date of the final assessment order, not from the date of filing revised returns. The court applied section 220(2) for charging interest on tax liability, holding the assessee responsible for interest payment from the date of the final assessment order. The appeal was dismissed in favor of the Revenue. en-us Wed, 07 Nov 2012 00:00:00 +0530 Thu, 22 Nov 2012 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218663 The court analyzed the liability to pay interest under section 140A of the Income Tax Act, 1961, emphasizing that failure to pay self-assessed tax deems the assessee to be in default. It determined that interest is chargeable from the date of the final assessment order, not from the date of filing revised returns. The court applied section 220(2) for charging interest on tax liability, holding the assessee responsible for interest payment from the date of the final assessment order. The appeal was dismissed in favor of the Revenue. Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218663