https://www.taxtmi.com/caselaws?id=14617 HC held that tax determined under s.143(1) or regular assessment is to be deemed the tax declared in the return for computing interest under s.140A, so interest under ss.234A and 234B becomes chargeable on the increased/assessed income where return income is enhanced or advance tax falls below the statutory percentage. Explanation 4 to s.234A clarifies this position. The Division Bench decision in the earlier reference was correctly decided and affirmed by the SC; the HC disposed of the reference accordingly. en-us Fri, 22 Sep 2000 00:00:00 +0530 Mon, 06 Oct 2025 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14617 HC held that tax determined under s.143(1) or regular assessment is to be deemed the tax declared in the return for computing interest under s.140A, so interest under ss.234A and 234B becomes chargeable on the increased/assessed income where return income is enhanced or advance tax falls below the statutory percentage. Explanation 4 to s.234A clarifies this position. The Division Bench decision in the earlier reference was correctly decided and affirmed by the SC; the HC disposed of the reference accordingly. Case-Laws Income Tax Fri, 22 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14617