Notice u/s.148; interest u/s.220
This query is : Resolved
23 August 2012
Hello Friends,
This is case of one of my Client whose books where Scrutinized for A.Y.2007-2008 Previously, Now recently furhter Notice u/s.148 has been issue and the file has been reopened.
Now, here in case officer makes any further additions, what would be the stand on Interest element?
Meaning, will it be applicable from date of Demand i.e. say current date
OR
Interest will be applicable w.e.f.A.Y.2007-2008
OR
Interest will be applicable form the date first Demand when the file was opened for scrutiny for the First time.
Regards,
JIGNESH MEWADA
This is case of one of my Client whose books where Scrutinized for A.Y.2007-2008 Previously, Now recently furhter Notice u/s.148 has been issue and the file has been reopened.
Now, here in case officer makes any further additions, what would be the stand on Interest element?
Meaning, will it be applicable from date of Demand i.e. say current date
OR
Interest will be applicable w.e.f.A.Y.2007-2008
OR
Interest will be applicable form the date first Demand when the file was opened for scrutiny for the First time.
Regards,
JIGNESH MEWADA
CA VISHNU GAVKARE
(Expert)
24 August 2012
w.e.f. 2007-2008
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
