https://www.taxtmi.com/caselaws?id=59277 The Appellate Tribunal ITAT BOMBAY-E allowed the appeal, ruling in favor of the assessee. The Tribunal held that the appeal was maintainable as the challenge was to the very liability to pay interest, not just the quantum. Consequently, the order levying interest under section 220(2) of the IT Act, 1961 was cancelled as the amount had been paid within the specified period, rendering no interest chargeable. The decision emphasized the distinction between challenging the liability to pay interest and challenging the quantum of interest, with the former being appealable based on legal precedent. en-us Tue, 27 Mar 1984 00:00:00 +0530 Mon, 27 Dec 2010 15:55:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59277 The Appellate Tribunal ITAT BOMBAY-E allowed the appeal, ruling in favor of the assessee. The Tribunal held that the appeal was maintainable as the challenge was to the very liability to pay interest, not just the quantum. Consequently, the order levying interest under section 220(2) of the IT Act, 1961 was cancelled as the amount had been paid within the specified period, rendering no interest chargeable. The decision emphasized the distinction between challenging the liability to pay interest and challenging the quantum of interest, with the former being appealable based on legal precedent. Case-Laws Income Tax Tue, 27 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59277