https://www.taxtmi.com/caselaws?id=170731 The Tribunal ruled in favor of the Revenue, overturning the Commissioner of Income-tax (Appeals) decision and allowing the appeal regarding the deletion of interest charged under section 220(2) of the Income-tax Act. The Tribunal held that interest was applicable as the assessee did not pay the full tax demanded by the Assessing Officer. Emphasizing a strict interpretation of the law, the Tribunal reinstated the Assessing Officer's order, upholding the validity of the original demand notice and the levy of interest upon finality of proceedings in case of default by the assessee. en-us Fri, 04 Jul 2014 00:00:00 +0530 Wed, 11 Mar 2015 18:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170731 The Tribunal ruled in favor of the Revenue, overturning the Commissioner of Income-tax (Appeals) decision and allowing the appeal regarding the deletion of interest charged under section 220(2) of the Income-tax Act. The Tribunal held that interest was applicable as the assessee did not pay the full tax demanded by the Assessing Officer. Emphasizing a strict interpretation of the law, the Tribunal reinstated the Assessing Officer's order, upholding the validity of the original demand notice and the levy of interest upon finality of proceedings in case of default by the assessee. Case-Laws Income Tax Fri, 04 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170731