https://www.taxtmi.com/caselaws?id=176449 Interest under Section 220(2) of the Income-tax Act could not be levied for the period when the assessee had been granted refund and no subsisting demand existed, because default is a necessary precondition for the charge. Although the original notice of demand could continue under the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964, the substantive liability to interest arose only when the original demand was revived after the appellate order. Interest was therefore payable only on the revived balance demand for the post-revival period of default. en-us Tue, 08 Jun 2010 00:00:00 +0530 Wed, 23 Dec 2015 10:38:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176449 Interest under Section 220(2) of the Income-tax Act could not be levied for the period when the assessee had been granted refund and no subsisting demand existed, because default is a necessary precondition for the charge. Although the original notice of demand could continue under the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964, the substantive liability to interest arose only when the original demand was revived after the appellate order. Interest was therefore payable only on the revived balance demand for the post-revival period of default. Case-Laws Income Tax Tue, 08 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176449