Prannoy Roy And Anr. vs Commissioner Of Income Tax And Anr. on 21 December, 2001
22. The question as regards payment of interest came up for consideration
before a Full Bench of the Andhra Pradesh High Court recently in SMSSchloemann
Siemag v. The Deputy Commissioner of Income-tax (Asst.) reported in I.L.R.(2001) (1)
A.P. (F.B.) While interpreting the provisions of Sections 156 and 220(2) of the
Income-tax Act, 1961 (short, the 'Act'), as inserted by Taxation Laws (Continuation
and Validation of Recovery Proceeding) Act, 1964, it was notice that:-