Dismissing the appeal the Court held that when the assessment order is remanded levy of interest for period taken for re-computation is valid . Circular No. 334 dated April 3, 1982 (1982) 135 ITR 10 (St) had no application to the facts of the case. ( AY. 1991 -92 )
S. Appaswamy. v. DCIT (2019) 416 ITR 42 / 311 CTR 650/ 183 DTR 399(Mad) (HC)
S. 220 : Collection and recovery – Assessee deemed in default – Assessment order remanded – Levy of interest for period taken for re-computation is valid . [ S.156, 234A, 234B, 234C ]