136. Simple interest on delayed payment—

 

1[136.]Simple interest on delayed payment—

If the amount specified as payable in a notice of demand under section 135 or an order under section 156 or 159 is not paid within the time specified under section 135,the assessee shall be liable to pay simple interest at fifteen per cent per annum from the date following the date or extended date specified for payment to the date of actual payment.]

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1Deleted F. A. 1995

 

 

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