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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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