https://www.taxtmi.com/acts?id=18690 A new sub-section deems a notice of demand valid while any appeal or proceeding in respect of the demand amount is pending, applying the effects of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964. An added proviso to interest rules provides that if an amount on which interest was payable is reduced and later increased by subsequent orders, the assessee shall be liable for interest from the day after the end of the period mentioned in the first notice of demand until payment. en-us Fri, 11 Jul 2014 16:34:55 +0530 Fri, 11 Jul 2014 16:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18690 A new sub-section deems a notice of demand valid while any appeal or proceeding in respect of the demand amount is pending, applying the effects of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964. An added proviso to interest rules provides that if an amount on which interest was payable is reduced and later increased by subsequent orders, the assessee shall be liable for interest from the day after the end of the period mentioned in the first notice of demand until payment. Act-Rules Bills Fri, 11 Jul 2014 16:34:55 +0530 https://www.taxtmi.com/acts?id=18690