https://www.taxtmi.com/caselaws?id=214950 The High Court determined that assessments under Section 147 are considered regular assessments for the purposes of charging interest under Section 234B. Additionally, the court held that interest under Section 234B is applicable to assessments based on book profits under Section 115J. Consequently, the court ruled in favor of the revenue, allowing their appeal and rejecting the assessee's argument against the chargeability of interest under Section 234B in these circumstances. en-us Fri, 06 Jul 2012 00:00:00 +0530 Fri, 20 Jul 2012 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214950 The High Court determined that assessments under Section 147 are considered regular assessments for the purposes of charging interest under Section 234B. Additionally, the court held that interest under Section 234B is applicable to assessments based on book profits under Section 115J. Consequently, the court ruled in favor of the revenue, allowing their appeal and rejecting the assessee's argument against the chargeability of interest under Section 234B in these circumstances. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214950