https://www.taxtmi.com/caselaws?id=264327 The appellant disputed the charging of interest under Section 220(2) of the Income Tax Act for Assessment Year 2007-08. The CIT (Appeals) allowed the appeal, canceling the interest charged under Section 220(2). Concerns about double charging of interest under Section 220(2) and 234B were addressed as the computation revealed different periods for each charge. The interpretation of the first proviso to Section 220(2) and the applicability of judicial decisions were crucial in the Tribunal's decision to remand the matter for a fresh examination by the CIT (Appeals). en-us Fri, 14 Aug 2015 00:00:00 +0530 Wed, 23 Sep 2015 08:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264327 The appellant disputed the charging of interest under Section 220(2) of the Income Tax Act for Assessment Year 2007-08. The CIT (Appeals) allowed the appeal, canceling the interest charged under Section 220(2). Concerns about double charging of interest under Section 220(2) and 234B were addressed as the computation revealed different periods for each charge. The interpretation of the first proviso to Section 220(2) and the applicability of judicial decisions were crucial in the Tribunal's decision to remand the matter for a fresh examination by the CIT (Appeals). Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264327