https://www.taxtmi.com/caselaws?id=122617 The Tribunal upheld the Commissioner of Income-tax's direction to charge interest under section 234B from 1st April 1998 instead of 1st October 1999. The Tribunal determined that the assessment under section 147 read with section 143(3) constituted the first assessment, falling within the scope of Explanation (2) to section 234B(1), warranting interest to be levied from 1st April 1998 until the date of the regular assessment. Consequently, the appeal challenging this decision was dismissed, affirming the Commissioner's decision. en-us Wed, 09 Dec 2009 00:00:00 +0530 Thu, 16 Aug 2012 10:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122617 The Tribunal upheld the Commissioner of Income-tax's direction to charge interest under section 234B from 1st April 1998 instead of 1st October 1999. The Tribunal determined that the assessment under section 147 read with section 143(3) constituted the first assessment, falling within the scope of Explanation (2) to section 234B(1), warranting interest to be levied from 1st April 1998 until the date of the regular assessment. Consequently, the appeal challenging this decision was dismissed, affirming the Commissioner's decision. Case-Laws Income Tax Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122617