https://www.taxtmi.com/caselaws?id=16243 The High Court of Kerala held that an assessment made under section 147(a) read with section 148 for the first time should be considered a regular assessment for the purposes of charging interest under section 139(8). The court relied on the clarificatory nature of Explanation 2 to section 139(8) and relevant case law, including the decision in Lally Jacob v. ITO. Consequently, the Assessing Officer was justified in charging interest under section 139(8), ruling in favor of the Revenue and against the assessee. en-us Fri, 31 Jul 1998 00:00:00 +0530 Fri, 04 Sep 2009 16:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16243 The High Court of Kerala held that an assessment made under section 147(a) read with section 148 for the first time should be considered a regular assessment for the purposes of charging interest under section 139(8). The court relied on the clarificatory nature of Explanation 2 to section 139(8) and relevant case law, including the decision in Lally Jacob v. ITO. Consequently, the Assessing Officer was justified in charging interest under section 139(8), ruling in favor of the Revenue and against the assessee. Case-Laws Income Tax Fri, 31 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16243