https://www.taxtmi.com/caselaws?id=183103 The High Court dismissed the appeal, upholding that interest could not be levied under section 220(2) of the Income Tax Act after the assessment order was set aside in appeal. The court emphasized the need for a fresh demand to be raised following the setting aside of the assessment order, citing relevant case law. It was held that interest cannot be charged during a period with no demand until it is revived, as supported by previous decisions. The Assessing Officer was found unjustified in charging interest under section 220(2), leading to the dismissal of the appeal. en-us Wed, 29 Sep 2010 00:00:00 +0530 Thu, 07 Jul 2016 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183103 The High Court dismissed the appeal, upholding that interest could not be levied under section 220(2) of the Income Tax Act after the assessment order was set aside in appeal. The court emphasized the need for a fresh demand to be raised following the setting aside of the assessment order, citing relevant case law. It was held that interest cannot be charged during a period with no demand until it is revived, as supported by previous decisions. The Assessing Officer was found unjustified in charging interest under section 220(2), leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 29 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183103