https://www.taxtmi.com/caselaws?id=262066 The court quashed the letter dated 10th December 2013 issued by the respondent regarding the calculation of interest under Section 220(2) of the Income Tax Act, 1961. The court directed the respondent to recalculate the interest in accordance with the correct interpretation of the Act, specifying that interest should be calculated from the period after the expiry of thirty days from the date of service of the notice of demand as per Section 220(1). The writ petitions were allowed on this basis, without addressing the other prayers of the petitioner. en-us Thu, 13 Nov 2014 00:00:00 +0530 Fri, 31 Jul 2015 13:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262066 The court quashed the letter dated 10th December 2013 issued by the respondent regarding the calculation of interest under Section 220(2) of the Income Tax Act, 1961. The court directed the respondent to recalculate the interest in accordance with the correct interpretation of the Act, specifying that interest should be calculated from the period after the expiry of thirty days from the date of service of the notice of demand as per Section 220(1). The writ petitions were allowed on this basis, without addressing the other prayers of the petitioner. Case-Laws Income Tax Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262066