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<h1>Interest not applicable on reassessment under section 215: High Court judgment</h1> The High Court of Calcutta ruled in favor of the assessee, Mahalaxmi Rice Mills, stating that interest under section 215 cannot be levied on reassessment ... Advance Tax, Interest, Reassessment The High Court of Calcutta ruled in favor of the assessee, Mahalaxmi Rice Mills, stating that interest under section 215 cannot be levied on reassessment as reassessment is not considered a regular assessment. The court referred to the meaning of 'regular assessment' as defined in previous cases and decided in favor of the assessee based on this interpretation.