Interest under section 234B accrues from April 1 of the assessment year until the reassessment order date.

Where assessment is made for the first time under Section 147 for income escaping assessment, interest under Section 234B is payable from April 1 of the assessment year until the date of the reassessment order; the period for computation therefore begins at the start of the assessment year and ends on the date the assessment order is passed.

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