https://www.taxtmi.com/caselaws?id=401934 The case involved an appeal under Section 260-A of the Income Tax Act, 1961 regarding interest under sections 234C and 220(2) of the Act. The High Court did not address the issue of interest under Section 234C as the revenue did not press the question. However, regarding interest under Section 220(2), the High Court held that the interest is mandatorily leviable even during a period of stay, overturning the Tribunal's decision. The Court ruled in favor of the revenue on this specific issue, emphasizing the statutory requirement for interest accrual during a stay period. en-us Mon, 23 Nov 2020 00:00:00 +0530 Sat, 19 Dec 2020 08:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401934 The case involved an appeal under Section 260-A of the Income Tax Act, 1961 regarding interest under sections 234C and 220(2) of the Act. The High Court did not address the issue of interest under Section 234C as the revenue did not press the question. However, regarding interest under Section 220(2), the High Court held that the interest is mandatorily leviable even during a period of stay, overturning the Tribunal's decision. The Court ruled in favor of the revenue on this specific issue, emphasizing the statutory requirement for interest accrual during a stay period. Case-Laws Income Tax Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401934