https://www.taxtmi.com/caselaws?id=241641 Statutory interest under sections 234A, 234B and 234C is mandatory, but recovery through a notice of demand under section 156 requires the assessment order to record a levy or direction to charge such interest. In the absence of any such direction in the assessment order, interest cannot be fastened merely by issuing the demand notice. Applying its earlier Division Bench precedent, the Allahabad HC upheld deletion of the interest demand and rejected the Revenue's contrary contention. en-us Fri, 18 May 2012 00:00:00 +0530 Sat, 28 Dec 2013 09:31:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241641 Statutory interest under sections 234A, 234B and 234C is mandatory, but recovery through a notice of demand under section 156 requires the assessment order to record a levy or direction to charge such interest. In the absence of any such direction in the assessment order, interest cannot be fastened merely by issuing the demand notice. Applying its earlier Division Bench precedent, the Allahabad HC upheld deletion of the interest demand and rejected the Revenue's contrary contention. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241641