https://www.taxtmi.com/caselaws?id=379387 The High Court upheld the levy of interest under Section 220(2) of the Income Tax Act, ruling it as valid and consequential to the tax payable under the Assessment Order. The Court found that the CBDT Circular No.334 did not apply in this case as the assessment was not entirely set aside, and the order imposing interest was not appealable under Section 246A of the Act. The Assessee's appeal was dismissed, and the decision favored the Revenue. en-us Tue, 26 Mar 2019 00:00:00 +0530 Wed, 21 Aug 2019 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379387 The High Court upheld the levy of interest under Section 220(2) of the Income Tax Act, ruling it as valid and consequential to the tax payable under the Assessment Order. The Court found that the CBDT Circular No.334 did not apply in this case as the assessment was not entirely set aside, and the order imposing interest was not appealable under Section 246A of the Act. The Assessee's appeal was dismissed, and the decision favored the Revenue. Case-Laws Income Tax Tue, 26 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379387