https://www.taxtmi.com/caselaws?id=40284 Interest under section 220(2) was held not leviable where the assessee had paid the original demand in time, received a refund after appellate relief, and also paid the fresh demand raised after restoration of the assessment within the prescribed time. Section 220(2) applies only when the amount demanded under section 156 remains unpaid and the assessee continues in default, and it cannot be enlarged by equitable interpretation. Section 3 of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964 was treated as applying only where an original demand had remained unsatisfied and was later restored by a higher forum. On these facts, no interest could be charged. en-us Fri, 09 Feb 2001 00:00:00 +0530 Mon, 06 Oct 2025 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40284 Interest under section 220(2) was held not leviable where the assessee had paid the original demand in time, received a refund after appellate relief, and also paid the fresh demand raised after restoration of the assessment within the prescribed time. Section 220(2) applies only when the amount demanded under section 156 remains unpaid and the assessee continues in default, and it cannot be enlarged by equitable interpretation. Section 3 of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964 was treated as applying only where an original demand had remained unsatisfied and was later restored by a higher forum. On these facts, no interest could be charged. Case-Laws Income Tax Fri, 09 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40284