https://www.taxtmi.com/caselaws?id=192394 Interest under section 18A(6) of the Indian Income-tax Act, 1922 was held to be computed by reference to the tax determined on the original regular assessment under section 23. Once that liability was worked out on the regular assessment, it could not be recomputed merely because the assessment was later reopened under section 34 and the tax enhanced, absent express statutory authority. The Madras HC applied the principle that any ambiguity in a fiscal provision must be resolved in favour of the assessee. The assessee therefore succeeded, and the interest could not be extended up to the date of reassessment. en-us Wed, 11 Jan 1961 00:00:00 +0530 Mon, 29 May 2017 17:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192394 Interest under section 18A(6) of the Indian Income-tax Act, 1922 was held to be computed by reference to the tax determined on the original regular assessment under section 23. Once that liability was worked out on the regular assessment, it could not be recomputed merely because the assessment was later reopened under section 34 and the tax enhanced, absent express statutory authority. The Madras HC applied the principle that any ambiguity in a fiscal provision must be resolved in favour of the assessee. The assessee therefore succeeded, and the interest could not be extended up to the date of reassessment. Case-Laws Income Tax Wed, 11 Jan 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192394