Interest under section 234B applies from the start of the assessment year until the reassessment order on additional tax determined. Where reassessment under Section 147 follows a summary or scrutiny assessment, interest under Section 234B is leviable from April 1 of the assessment year until the reassessment order, and is charged on the tax determined in reassessment less the tax previously determined in the summary or scrutiny 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 234B applies from the start of the assessment year until the reassessment order on additional tax determined.
Where reassessment under Section 147 follows a summary or scrutiny assessment, interest under Section 234B is leviable from April 1 of the assessment year until the reassessment order, and is charged on the tax determined in reassessment less the tax previously determined in the summary or scrutiny assessment.
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