payable by the assessee under
sub-section(1) of section 143 , the intimation under the sub-section
shall be deemed to be a notice ... Section 220(1)
provides for time limit for payment of amount otherwise than advance
tax specified in notice demand under section 156 . Section 220
payable by the assessee under
sub-section(1) of section 143 , the intimation under the sub-section
shall be deemed to be a notice ... Section 220(1)
provides for time limit for payment of amount otherwise than advance
tax specified in notice demand under section 156 . Section 220
payable by the assessee under
sub-section(1) of section 143 , the intimation under the sub-section
shall be deemed to be a notice ... Section 220(1) provides for time limit for payment of
amount otherwise than advance tax specified in notice demand under
section 156 . Section 220
lacs including penalty
and subject to chargeability of interest under Section 220(2)
of the Act and therefore, when such a huge claim ... lakhs and that too,
subject to chargeability of interest under section 220(2)
of Income Tax Act.
(2) When the Company came to be incorporated
petitioner, no specific request with reference to Section 245H
for waiver/reduction of interest under Section 220(2) , 234A , 234B and
234C ... claimed immunity from interest and penalties under the
Act. Considering the facts of the case, interest under section 220(2)
is not leviable. The other
petitioner, no specific request with reference to Section 245H for
waiver/reduction of interest under Section 220(2) , 234A , 234B and
234C ... shops are not fully
explainable.
11.4 With regard to the
interest chargeable under Sections 220 (2) , 234A , 234B & 234C of
the Act, it applied
payable by the assessee under
sub-section(1) of section 143 , the intimation under the sub-section
shall be deemed to be a notice ... Section 220(1)
provides for time limit for payment of amount otherwise than advance
tax specified in notice demand under section 156 . Section 220
adjusted against such tax demand.
Assessing Officer however, charged interest under section 220(2) of
the Income Tax Act, 1961 upto 21.5.2009 though the petitioner
from the Petitioner for Assessment Year 2015-16
along with interest thereon under Section 220 of the Act. The
above notices also requested the Petitioner ... applied while considering grant of a stay of demand under Section
220(6) of the Act pending disposal of appeal by CIT(A). In fact
after claiming exemption under
Section 10 (23FB) ) of the Act and also exemption of dividend
income earned from mutual funds under Section ... from the Petitioner for Assessment Year 2016-17
along with interest thereon under Section 220 of the Act. The
above notices also requested the Petitioner
