https://www.taxtmi.com/caselaws?id=34286 The court upheld the demand for interest under Sections 234B and 234A, emphasizing the independence of interest on different heads as compensation for defaults. However, it directed a recalculation of interest under Section 220, clarifying that it is distinct from Section 234B and must be paid within 30 days of notice service. The Assessing Officer was instructed to consider the petitioner's payments in determining the correct interest under Section 220. The judgment partially favored the petitioner, with no costs ordered. en-us Mon, 27 Jul 2009 00:00:00 +0530 Wed, 10 Mar 2010 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34286 The court upheld the demand for interest under Sections 234B and 234A, emphasizing the independence of interest on different heads as compensation for defaults. However, it directed a recalculation of interest under Section 220, clarifying that it is distinct from Section 234B and must be paid within 30 days of notice service. The Assessing Officer was instructed to consider the petitioner's payments in determining the correct interest under Section 220. The judgment partially favored the petitioner, with no costs ordered. Case-Laws Income Tax Mon, 27 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34286