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Interest u/s 220(2)

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(Querist)
21 March 2009
Interest u/s 220(2) of the I.T.Act can be levy in the case of Asst. made u/s 158BC i.e. Block Assessment ?

If yes which will be effective date calculation of interest
1. date of Assessment order
2. date of CIT (A) Order
3. date of ITAT Order

If no, kindly advice me according to which Notification / Circular interest u/s 220(2) can not be levy in the case of Block Assessment


Please advice me at an earliest as its very urgent

With Regards
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Rajesh Kumar

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Rajesh Kumar (Expert)
22 March 2009 Intrest is payable starting from 30 day from the date of notice issued under S 156.
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MAYUR DAVE

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MAYUR DAVE (Querist)
23 March 2009 Thanks
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