Interest under section 234A applied to reassessments issued under section 153A, extending default-interest coverage to such notices. Amendment expands the scope of interest for default by substituting references to include reassessment initiated under the additional reassessment ... Summary
Interest under section 234A applied to reassessments issued under section 153A, extending default-interest coverage to such notices.
Amendment expands the scope of interest for default by substituting references to include reassessment initiated under the additional reassessment provision, modifying explanatory text and subsection wording so that reassessments commenced under either reassessment mechanism trigger the same interest application as originally specified.
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