https://www.taxtmi.com/caselaws?id=250088 Under the Kar Vivad Samadhan Scheme, statutory interest under Section 220(2) of the Income-tax Act could be included in the settlement computation and calculated up to the settlement date, even if not separately quantified earlier, because the demand notice with challan was treated as sufficient compliance with Section 156 read with Section 220. The settlement order was also confined to assessment years 1988-89, 1989-90 and 1991-92, as the demands for 1986-87 and 1987-88 were asserted to have already been paid and were not specifically denied; those earlier years were therefore treated as not considered, leaving the authorities free to proceed according to law, subject to limitation. en-us Thu, 13 Mar 2014 00:00:00 +0530 Fri, 10 Oct 2014 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250088 Under the Kar Vivad Samadhan Scheme, statutory interest under Section 220(2) of the Income-tax Act could be included in the settlement computation and calculated up to the settlement date, even if not separately quantified earlier, because the demand notice with challan was treated as sufficient compliance with Section 156 read with Section 220. The settlement order was also confined to assessment years 1988-89, 1989-90 and 1991-92, as the demands for 1986-87 and 1987-88 were asserted to have already been paid and were not specifically denied; those earlier years were therefore treated as not considered, leaving the authorities free to proceed according to law, subject to limitation. Case-Laws Income Tax Thu, 13 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250088