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Case lawSupreme Court › Vikrant Tyres Ltd v First ITO
Supreme CourtHelps taxpayerValidity unconfirmeds.220(2)s.220(1)s.156

Vikrant Tyres Ltd v First ITO

I paid the demand on time, won in appeal, got a refund, then lost on reference and paid again on a fresh demand. Can the department charge me s.220(2) interest for the period in between?

I paid the demand on time, won in appeal, got a refund, then lost on reference and paid again on a fresh demand. Can the department charge me s.220(2) interest for the period in between?

No. The condition precedent for s.220(2) is a default in paying the amount demanded within the time stipulated in the notice under s.156. Where the assessee satisfied the original demand on time, and later satisfied a fresh demand on time after the Revenue succeeded, there was never a default, and no interest can be charged for the intervening period during which the money was with the assessee under a refund granted by the Revenue itself.

Decided by the Supreme Court (S.P. Bharucha J, N. Santosh Hegde J and Y.K. Sabharwal J (judgment by Santosh Hegde J)) on 2001-02-09, reported as Civil Appeal Nos. 10202-04 of 1995 (Supreme Court of India), on appeal from Writ Petition Nos. 17068-70 of 1988 of the High Court of Karnataka; reported at (2001) 247 ITR 821, AIR 2001 SC 800 and 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 and How Tax Law Is Read matters.

Validity check could not be completed. Later treatment was not checked on this pass, and no search was made for any legislative change to s.220(2) since 2001 other than the rate. The rate stated in the section as reproduced in the judgment is out of date - see the editor note - but the holding turns on the condition precedent of default, not on the rate. Distinguish the proviso to s.220(2), which reduces interest where the amount on which it was payable is reduced by an appellate or rectification order; that situation is not what this case decides.

Why it matters

This is the Supreme Court's answer to a demand that still gets raised whenever an assessment is restored after appellate reversal. It matters most in the set-aside and remand cycle, where the department treats the original demand as having revived. The Court also confines s.3 of the Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964 to its purpose: it revives a demand notice that was never satisfied and was quashed at some stage, dispensing with a fresh notice; it cannot revive a notice that has already been fully satisfied. The wider proposition is worth having on hand in every interest dispute - interest can be levied only if the statute levying the tax makes a substantive provision for it, and a taxing statute is read as it is, with no additions and no subtractions.

Binding on every court and authority in India.

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