https://www.taxtmi.com/caselaws?id=753018 ITAT Delhi ruled in favor of the assessee regarding interest charged under section 220(2) on non-payment of FBT demand. The Revenue adjusted outstanding FBT demand from the assessee's refund along with interest, despite the assessee's claim that no proper intimation or demand notice was served. The assessee had voluntarily deposited the FBT amount after discovering the demand on the IT portal. ITAT held that mere reflection of demand on e-filing portal does not absolve Revenue from properly serving intimation and demand notice. Since Revenue failed to establish proper service of demand notice, interest under section 220(2) could not be levied. Appeal allowed. en-us Thu, 04 Jan 2024 00:00:00 +0530 Thu, 23 May 2024 08:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753018 ITAT Delhi ruled in favor of the assessee regarding interest charged under section 220(2) on non-payment of FBT demand. The Revenue adjusted outstanding FBT demand from the assessee's refund along with interest, despite the assessee's claim that no proper intimation or demand notice was served. The assessee had voluntarily deposited the FBT amount after discovering the demand on the IT portal. ITAT held that mere reflection of demand on e-filing portal does not absolve Revenue from properly serving intimation and demand notice. Since Revenue failed to establish proper service of demand notice, interest under section 220(2) could not be levied. Appeal allowed. Case-Laws Income Tax Thu, 04 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753018