Court Rules Interest Imposed on Assessee Valid; Litigation Time Does Not Halt Income Tax Interest Accrual u/ss 234B, 234C, 220(2). https://www.taxtmi.com/highlights?id=5768 Levy of interest under Section 234B, 234C and 220(2) - assessee contested against imposition of interest as 30 days time had not expired - appellant cannot take benefit of the time spent in the litigation because for the said period the department could not utilise the amount of tax. - HC en-us Fri, 12 Oct 2012 22:46:55 +0530 Fri, 12 Oct 2012 22:46:55 +0530 TaxTMI RSS Generator Court Rules Interest Imposed on Assessee Valid; Litigation Time Does Not Halt Income Tax Interest Accrual u/ss 234B, 234C, 220(2). https://www.taxtmi.com/highlights?id=5768 Levy of interest under Section 234B, 234C and 220(2) - assessee contested against imposition of interest as 30 days time had not expired - appellant cannot take benefit of the time spent in the litigation because for the said period the department could not utilise the amount of tax. - HC Highlights Income Tax Fri, 12 Oct 2012 22:46:55 +0530 https://www.taxtmi.com/highlights?id=5768