Interest u/s 220(2) of Income - Tax Act, 1961.

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Full Text of the Document

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....nd after the issue of a Tax Recovery certificate. The Board desire that the following procedure should be followed in all the charges: (a) The I.T. Officer should charge the interest u/s 220(2) upto the date of the issue of recovery certificate and the TRO should charge the interest for the subsequent period. Where any revision or rectification order is passed after the issue of the recovery cert....