High Court rules no interest payable due to lack of assessment or notice of demand u/s 24(3). Writ petition allowed.

Demand of interest - cheques given by petitioner to Enforcement Wing Officials during inspection got dishonoured - In the absence of any assessment, even provisional, and a notice of demand no interest would be payable under Section 24(3) - demand of interest without jurisdiction - writ petition allowed - HC .....

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