Case Law Details
Case Name : Commissioner of Income-tax Vs Chika Overseas (P.) Ltd. (Bombay High Court)
Appeal Number : IT Appeal No. 3737 of 2010
Date of Judgement/Order : 18/11/2011
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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HIGH COURT OF BOMBAY
Commissioner of Income-tax
V/s.
Chika Overseas (P.) Ltd.
IT Appeal No. 3737 of 2010
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According to sec 156 a demand notice is given, in which interest under 220 (2) is calculated,but the amount in demand notice is aggregate of tax liability and interest under section 234 b,,,so my question is whether interest u/s 220(2) should be calculated on tax liability amount or tax liability amount plus interest u/s 234 b ( i.e,,demand amount) … if we calculate on demand amount it will be like calculating interest on interest…..