https://www.taxtmi.com/caselaws?id=62487 The Tribunal held that the assessment made under s. 147 was considered a "regular assessment" for charging interest under ss. 139(8) and 217 of the IT Act, 1961. The retrospective application of the amended provisions was upheld, emphasizing the changes in defining "regular assessment." The Tribunal differentiated previous decisions and concluded that interest was justified based on the applicable amended provisions. As a result, the Revenue's appeal was allowed, and the assessee's cross objection was dismissed. en-us Wed, 29 Apr 1992 00:00:00 +0530 Thu, 20 Jan 2011 10:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62487 The Tribunal held that the assessment made under s. 147 was considered a "regular assessment" for charging interest under ss. 139(8) and 217 of the IT Act, 1961. The retrospective application of the amended provisions was upheld, emphasizing the changes in defining "regular assessment." The Tribunal differentiated previous decisions and concluded that interest was justified based on the applicable amended provisions. As a result, the Revenue's appeal was allowed, and the assessee's cross objection was dismissed. Case-Laws Income Tax Wed, 29 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62487