Interest under section 234A runs from day after expiry of time allowed under section 148 until belated return is filed.

Where a return is furnished belatedly in response to a notice under section 148, interest under section 234A runs from the day after the expiry of the time allowed by that notice until the date of furnishing; interest is computed on the amount by which tax determined on re assessment exceeds the tax determined in the completed assessment.

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