Interest u/s 220 (2) on Demand raised by Income Tax
This query is : Resolved
Santosh Katre
(Querist)
25 April 2024
We have filed a return of Income on 30th Sept, 2013 and got intimation u/s 143(1) on 27th Aug., 2014. This intimation was without demand.
We got to know that there is a wrong input of TDS Credit claimed which was subsequently (after filing of return) withdrawn from 26AS and therefore we voluntarily paid the differential amount of Tax on 3rd March, 2015 without filing revised return.
CPC issued suo moto rectification order u/s 154 on 16th June 2017, in this order demand has raised along with interest, which was already paid (along with interest) as mentioned above.
please guide on how to get this demand reversed.
We got to know that there is a wrong input of TDS Credit claimed which was subsequently (after filing of return) withdrawn from 26AS and therefore we voluntarily paid the differential amount of Tax on 3rd March, 2015 without filing revised return.
CPC issued suo moto rectification order u/s 154 on 16th June 2017, in this order demand has raised along with interest, which was already paid (along with interest) as mentioned above.
please guide on how to get this demand reversed.
Nikhil Kaushik
(Expert)
25 April 2024
assuming that the demand is wrong, you did not file any rectification request or appeal in last 7 years?
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