https://www.taxtmi.com/caselaws?id=365510 Interest under section 220(2) is chargeable only after a valid demand under section 156 is not paid within the time allowed under section 220(1). Where additional tax arises for the first time through appellate or rectification proceedings, the fresh demand does not relate back to the original assessment demand. The interest period therefore starts only from the date the new demand is raised, and no interest can be levied for any earlier period before that demand came into existence. The commentary relies on binding precedents supporting this condition-precedent approach to demand and default. en-us Mon, 13 Aug 2018 00:00:00 +0530 Sat, 18 Aug 2018 12:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365510 Interest under section 220(2) is chargeable only after a valid demand under section 156 is not paid within the time allowed under section 220(1). Where additional tax arises for the first time through appellate or rectification proceedings, the fresh demand does not relate back to the original assessment demand. The interest period therefore starts only from the date the new demand is raised, and no interest can be levied for any earlier period before that demand came into existence. The commentary relies on binding precedents supporting this condition-precedent approach to demand and default. Case-Laws Income Tax Mon, 13 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365510