https://www.taxtmi.com/caselaws?id=341478 The Tribunal upheld the validity of the initiation of re-assessment proceedings under section 147, dismissing the Assessee's contentions. It ruled that no interest under section 234B was chargeable due to the non-resident status of the Assessee. However, it upheld the charging of interest under section 220(2) as per the CBDT Circular. The Revenue's appeal was partly allowed, and the Assessee's appeals were dismissed. en-us Wed, 05 Apr 2017 00:00:00 +0530 Mon, 10 Apr 2017 10:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341478 The Tribunal upheld the validity of the initiation of re-assessment proceedings under section 147, dismissing the Assessee's contentions. It ruled that no interest under section 234B was chargeable due to the non-resident status of the Assessee. However, it upheld the charging of interest under section 220(2) as per the CBDT Circular. The Revenue's appeal was partly allowed, and the Assessee's appeals were dismissed. Case-Laws Income Tax Wed, 05 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341478