https://www.taxtmi.com/highlights?id=84301 HC dismissed the appeal. The assessee is liable to pay interest u/s 220(2) beyond the four-year period from the assessment date as per Section 154. The HC held that despite the demand notice u/s 154, the assessee failed to pay the amount due within 30 days. There is no specific time limit for charging interest, and the power was exercised within a reasonable time. The substantial question of law was answered in favor of the revenue. en-us Thu, 26 Dec 2024 08:45:40 +0530 Thu, 26 Dec 2024 08:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84301 HC dismissed the appeal. The assessee is liable to pay interest u/s 220(2) beyond the four-year period from the assessment date as per Section 154. The HC held that despite the demand notice u/s 154, the assessee failed to pay the amount due within 30 days. There is no specific time limit for charging interest, and the power was exercised within a reasonable time. The substantial question of law was answered in favor of the revenue. Highlights Income Tax Thu, 26 Dec 2024 08:45:40 +0530 https://www.taxtmi.com/highlights?id=84301