Levy of interest under section 220(2) when the original assessment is set aside-Instructions regarding

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....   All Commissioners of Income-tax, Sir,                   Subject:  Levy of interest under section 220(2) when the original assessment is set aside-Instructions regarding.       Doubts have been raised as to the quantum of interest chargeable u/s. 220(2) of th....

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....ls/revisions), no interest under section 220(2) can be charged pursuant to the original demand notice. The necessary corollary of this position will be that even when the assessment is reframed, interest can be charged only after the expiry of 35 days from the date of service of demand notice pursuant to such fresh assessment order. (ii) where the assessment made originally by the ITO is either....