https://www.taxtmi.com/circulars?id=9321 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. en-us Fri, 29 Feb 1980 00:00:00 +0530 Fri, 03 Jun 2011 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9321 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. Circulars Income Tax Fri, 29 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9321