Levy of Section 220(2A) interest is mandatory despite pendency of dispute before MAP: SC

Pioneer Overseas Corporation USA (India Branch) Vs CIT (International Taxation) (Supreme Court)

We have heard Mr. Ajay Vohra, learned Senior Advocate, assisted by Ms. Kavita Jha, learned Advocate, appearing for the petitioner and Mr. N. Venkataraman, learned ASG, appearing for the Revenue.

The issue involved in the present Special Leave Petition is with respect to the waiver of interest under Section 220(2A) of the Income Tax Act, 1961 (for short “the Act”). The appropriate competent A

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