https://www.taxtmi.com/caselaws?id=10873 The court analyzed the liability to pay interest under section 220(2) of the Income-tax Act, 1961 after a fresh demand is raised post an appellate order. Emphasizing the need for a fresh demand following reduced tax amounts, the court held that interest liability starts from the date of the new demand, superseding the original demand. Citing relevant case laws and Circular No. 334, the court clarified that interest is payable only if the amount remains unpaid as per the fresh demand. Consequently, the court allowed the appeal, setting aside the previous order and granting appropriate reliefs to the parties. en-us Sat, 29 Nov 2003 00:00:00 +0530 Mon, 27 Jul 2009 09:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10873 The court analyzed the liability to pay interest under section 220(2) of the Income-tax Act, 1961 after a fresh demand is raised post an appellate order. Emphasizing the need for a fresh demand following reduced tax amounts, the court held that interest liability starts from the date of the new demand, superseding the original demand. Citing relevant case laws and Circular No. 334, the court clarified that interest is payable only if the amount remains unpaid as per the fresh demand. Consequently, the court allowed the appeal, setting aside the previous order and granting appropriate reliefs to the parties. Case-Laws Income Tax Sat, 29 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10873