https://www.taxtmi.com/caselaws?id=175727 Interest under section 220(2) of the Income-tax Act was held not leviable for a period when no subsisting demand was outstanding after the appeal effect order. The demand raised pursuant to the appeal effect order had been paid in full, and the later demand arose only after the Tribunal's order, so the computation of interest could not be made contrary to the settled legal position recognised by the Supreme Court and the Full Bench of the Andhra Pradesh High Court. The impugned circular could not govern computation in a manner inconsistent with that principle, and relief was granted to the petitioner. en-us Thu, 19 Sep 2002 00:00:00 +0530 Fri, 04 Dec 2015 09:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175727 Interest under section 220(2) of the Income-tax Act was held not leviable for a period when no subsisting demand was outstanding after the appeal effect order. The demand raised pursuant to the appeal effect order had been paid in full, and the later demand arose only after the Tribunal's order, so the computation of interest could not be made contrary to the settled legal position recognised by the Supreme Court and the Full Bench of the Andhra Pradesh High Court. The impugned circular could not govern computation in a manner inconsistent with that principle, and relief was granted to the petitioner. Case-Laws Income Tax Thu, 19 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175727