https://www.taxtmi.com/caselaws?id=247547 Interest under section 220(2) continues to accrue where an assessment is not wholly set aside and the matter is restored only for recomputation of disallowance. The Tribunal treated the original demand notice under section 156 as remaining operative because the earlier appellate order did not annul the assessment in full. As the assessee had not paid the outstanding tax within the prescribed time, default persisted and interest remained chargeable, subject only to any reduction in the tax demand itself. Authorities cited for superseded assessments or fully paid demands were distinguished on facts, and deletion of the interest was not warranted. en-us Mon, 28 Apr 2014 00:00:00 +0530 Thu, 15 May 2014 08:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247547 Interest under section 220(2) continues to accrue where an assessment is not wholly set aside and the matter is restored only for recomputation of disallowance. The Tribunal treated the original demand notice under section 156 as remaining operative because the earlier appellate order did not annul the assessment in full. As the assessee had not paid the outstanding tax within the prescribed time, default persisted and interest remained chargeable, subject only to any reduction in the tax demand itself. Authorities cited for superseded assessments or fully paid demands were distinguished on facts, and deletion of the interest was not warranted. Case-Laws Income Tax Mon, 28 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247547