Penalty procedure

Is levy of penalty applicable on delayed payment of interest ?pl.clarify.
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Quick Summary
This discussion clarifies whether a penalty can be levied for the delayed payment of interest. It confirms that an applicable penalty is indeed imposed for such delays. The relevant section under which this penalty is applied is identified as Section 274.

yes, an Applicable penalty is imposed for the delay in payment of interest.

Under what section sir?

under Section 274

Which section sir?

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