https://www.taxtmi.com/caselaws?id=119697 The Tribunal held that the Assessing Officer (AO) was justified in including the interest originally charged under section 234B(1) in the computation sheet forming part of the reassessment order. However, the AO was not justified in charging interest under section 234B(3) for the period from 1-4-1998 to 27-3-2002. The AO was directed to modify the order to include the interest charged under section 234B(1) and to charge incremental interest under section 234B(3) for the relevant period. The Department's appeal was allowed based on these directions. en-us Tue, 09 Jan 2007 00:00:00 +0530 Thu, 12 Jul 2012 15:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119697 The Tribunal held that the Assessing Officer (AO) was justified in including the interest originally charged under section 234B(1) in the computation sheet forming part of the reassessment order. However, the AO was not justified in charging interest under section 234B(3) for the period from 1-4-1998 to 27-3-2002. The AO was directed to modify the order to include the interest charged under section 234B(1) and to charge incremental interest under section 234B(3) for the relevant period. The Department's appeal was allowed based on these directions. Case-Laws Income Tax Tue, 09 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119697