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Case lawSupreme Court › M/s. Vikrant Tyres Ltd v The First Income Tax Officer
Supreme CourtHelps taxpayerValidity unconfirmeds.220(2)s.220(1)s.156

M/s. Vikrant Tyres Ltd v The First Income Tax Officer

I paid the original demand in full, got a refund when I won in appeal, and repaid on a fresh demand after losing in reference. The department now wants s.220(2) interest for the period in between. Must I pay it?

I paid the original demand in full, got a refund when I won in appeal, and repaid on a fresh demand after losing in reference. The department now wants s.220(2) interest for the period in between. Must I pay it?

No. The Supreme Court held that the condition precedent for s.220(2) is a notice of demand under s.156 AND a default in paying the amount demanded within the time allowed. Where the assessee satisfied the original demand promptly and later satisfied the fresh demand promptly, there was no default at any point, and s.220(2) cannot be invoked for the period during which the refunded money was in his hands.

Decided by the Supreme Court (S.P. Bharucha J, N. Santosh Hegde J and Y.K. Sabharwal J) on 2001-02-09, reported as Civil Appeal Nos. 10202-04 of 1995; (2001) 247 ITR 821 (SC); AIR 2001 SC 800; 2001 (3) SCC 76. It bears on section 220(2), section 220(1), section 156 of the Income Tax Act 1961, in Demand, Recovery & Stay, How Tax Law Is Read and Refunds, Interest & Condonation matters.

Validity check could not be completed. Validity check could not be completed; no citator search for later treatment was run on this pass. The judgment was applied by the Delhi High Court in Dr. Prannoy Roy v. CIT (21 December 2001), which reproduces it at length, and by the Full Bench of the Andhra Pradesh High Court in SMS Schloemann Siemag v. Dy. CIT [2001] 250 ITR 97 (AP) (FB) as noted in that judgment. The text of s.220(2) and its proviso reproduced in the judgment is the 2001 text and is not necessarily the current text; check the section as it stands for the year in hand.

Why it matters

This is the case that keeps s.220(2) inside its own boundaries, and it is why s.220(2) must never be argued or conceded as if it were s.234B. Section 234B compensates for a failure to pay ADVANCE TAX and runs from 1 April of the assessment year; s.220(2) compensates for a failure to pay a DEMAND and runs from the expiry of the period in the s.156 notice. They have different triggers, different periods, and different defaults, and an order or a commentary that treats them as interchangeable is wrong. The second holding matters just as much: s.3 of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act 1964 revives a demand notice that was never satisfied and got quashed along the way; it cannot be used to revive a demand notice that was fully satisfied. And the Court restated the strict-construction rule for interest — interest can be levied on delayed payment of tax only if the statute makes a substantive provision for it.

Binding on every court and authority in India.

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