Levy of interest under section 220(2) when the original assessment is set aside-Instructions regarding

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..... riginal assessment is set aside-Instructions regarding. Doubts have been raised as to the quantum of interest chargeable u/s. 220(2) of the Income-tax Act, when the original assessment order passed by the Income-tax Officer is-- (i) cancelled by him u/s. 146 of the Income-tax Act; (ii) set aside/cancelled by an appellate/revisional authority and such appellate/revisional order has become final .....

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..... ervice of demand notice pursuant to such fresh assessment order. (ii) where the assessment made originally by the ITO is either varied or even set aside by one appellate authority but, on further appeal, the original order of the ITO is restored either in part or wholly, the interest payable under section 220(2) will be computed with reference to the due dated reckoned from the original demand no .....

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