Section 119 in Income Tax Rules, 1962
119. Levy of interest under section 220(2) in a case where a recovery certificate is issued.
- Omitted
also charged in addition to interest under Section 139(8) of the Act. In earlier orders interest under Section 220(2) was not charged. Details ... order under Section 154 , or Section 155 , or Section 250 , or Section 254 , or Section 260 , or Section 262 , or Section 264 , the amount
under Section 143(3) like the interest under Sections 214 and 217 of the Act. In fact while calculating the interest under Section 220 ... assessment, where penal interest is levied under Section 215 of the Act by the order of assessment.
29. Interest under Section 220
order under section 154 , or section 155 , or
section 250 , or section 254 , or section 260 , or section 262 , or section 264 5or an order ... Commission under sub- section (4) of section 245D ], the amount on
which interest was payable under this section had been reduced, the interest shall
Settlement Commission under sub-Section (4) of Section 245D , the amount on which interest was payable under Section 220(2) had been reduced, the interest ... interest payable under Section 234B , which deals with interest for defaults in payment of advance tax, as the interest under Section 220 continuous still
questioning the levy of interest under the Samadhan Scheme on the ground that the levy of interest under Section 220(2) of the Income ... first time has levied interest under the Samadhan Scheme. Learned counsel also submitted that the interest demanded under Section 220(2) of the Income
limited to interest under Section 215 only and the benefit under the said Scheme was not applicable to interest under Section 220 ... Immunity under Section 91 has to be in respect of the matters covered by the declaration under Section 88 . Admittedly, interest under Section 220
order under Section 154 , or Section 155 , or Section 250 , or Section 254 , or Section 260 , or Section 262 , or Section 264 or an order ... Commission under Sub-section (4) of Section 245D , the amount on which interest was payable under this section had been reduced, the interest shall
been given. No interest under section 217 , therefore, could be charged through subsequent orders either under section 154 or under section 250 .
22. Thus ... charging of interest, whereas under section 246 , no appeal lies before him against charging of interest under sections 139(8) , 217 and 220(2) . Reliance
interest Under Section 220(2) is not maintainable as the order passed Under Section 220(2) is not applicable as per Section 246A .
10. Against ... order under Section 154 , or Section 155 , or Section 250 or Section 254 , or Section 260 , or Section 262 , or Section 264 [or an order