https://www.taxtmi.com/caselaws?id=66906 The Tribunal held that interest under section 234B of the Income Tax Act should be charged on the income assessed under section 143(3) up to the date of regular assessment, even if it had been previously charged under section 143(1)(a). The Tribunal supported this conclusion based on legislative amendments and the clear language of section 234B, emphasizing the legislative intent to charge interest until the date of regular assessment. As a result, the Tribunal set aside the Commissioner of Income Tax (Appeals) order and allowed the revenue's appeal. en-us Wed, 21 Apr 1999 00:00:00 +0530 Tue, 08 Mar 2011 11:02:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66906 The Tribunal held that interest under section 234B of the Income Tax Act should be charged on the income assessed under section 143(3) up to the date of regular assessment, even if it had been previously charged under section 143(1)(a). The Tribunal supported this conclusion based on legislative amendments and the clear language of section 234B, emphasizing the legislative intent to charge interest until the date of regular assessment. As a result, the Tribunal set aside the Commissioner of Income Tax (Appeals) order and allowed the revenue's appeal. Case-Laws Income Tax Wed, 21 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66906