https://www.taxtmi.com/forum/issue?id=1039 Interest under section 234B is leviable on tax assessed after reassessment proceedings under section 147/148 by virtue of the Explanation, whereas section 234C is levied only on shortfalls in installment liability based on returned income and does not apply to shortfalls arising solely from assessed income. en-us Thu, 26 Feb 2009 13:24:30 +0530 Thu, 23 Jan 2025 15:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1039 Interest under section 234B is leviable on tax assessed after reassessment proceedings under section 147/148 by virtue of the Explanation, whereas section 234C is levied only on shortfalls in installment liability based on returned income and does not apply to shortfalls arising solely from assessed income. Discussion-Forum Income Tax Thu, 26 Feb 2009 13:24:30 +0530 https://www.taxtmi.com/forum/issue?id=1039