https://www.taxtmi.com/caselaws?id=249172 Interest under section 220(2) of the Income-tax Act, 1961 arises only when a valid demand remains unpaid after the statutory period. Where the original demand notice had been fully satisfied, a later restoration of the assessment did not revive that demand retrospectively, so interest could not be levied from an anterior date and a fresh demand notice was required for the revived liability. Where any part of the demand remained outstanding, or payment was delayed beyond time, interest was recoverable only for the period of actual default. The levy was therefore confined to the period during which the demand was genuinely unpaid. en-us Fri, 13 Jun 2014 00:00:00 +0530 Mon, 07 Jul 2014 17:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249172 Interest under section 220(2) of the Income-tax Act, 1961 arises only when a valid demand remains unpaid after the statutory period. Where the original demand notice had been fully satisfied, a later restoration of the assessment did not revive that demand retrospectively, so interest could not be levied from an anterior date and a fresh demand notice was required for the revived liability. Where any part of the demand remained outstanding, or payment was delayed beyond time, interest was recoverable only for the period of actual default. The levy was therefore confined to the period during which the demand was genuinely unpaid. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249172