https://www.taxtmi.com/caselaws?id=15554 The Court held that charging interest under section 220(2) of the IT Act, 1961, is not appealable. It upheld the AO's action in withdrawing interest paid to the assessee under section 214, agreeing that any excess paid is deemed tax payable by the assessee. The Court also upheld the Tribunal's decision to charge interest under section 220(2) and justified the withdrawal of interest paid based on earlier Tribunal orders. Ultimately, the Court ruled in favor of the Revenue, confirming the validity of the interest charges and actions taken by the AO. en-us Fri, 13 Aug 1999 00:00:00 +0530 Wed, 26 Aug 2009 10:18:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15554 The Court held that charging interest under section 220(2) of the IT Act, 1961, is not appealable. It upheld the AO's action in withdrawing interest paid to the assessee under section 214, agreeing that any excess paid is deemed tax payable by the assessee. The Court also upheld the Tribunal's decision to charge interest under section 220(2) and justified the withdrawal of interest paid based on earlier Tribunal orders. Ultimately, the Court ruled in favor of the Revenue, confirming the validity of the interest charges and actions taken by the AO. Case-Laws Income Tax Fri, 13 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15554