https://www.taxtmi.com/caselaws?id=18996 Reassessment under section 147, initiated after notice under section 148, was held not to amount to a regular assessment for charging interest under sections 139(8) and 217 of the Income-tax Act, 1961. The Court followed earlier authorities and concluded that interest could not be sustained where the assessment was completed for the first time in reassessment proceedings under sections 143(3)/147. The Tribunal was therefore justified in not upholding the interest levy. en-us Tue, 14 Mar 1995 00:00:00 +0530 Tue, 03 Nov 2009 12:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18996 Reassessment under section 147, initiated after notice under section 148, was held not to amount to a regular assessment for charging interest under sections 139(8) and 217 of the Income-tax Act, 1961. The Court followed earlier authorities and concluded that interest could not be sustained where the assessment was completed for the first time in reassessment proceedings under sections 143(3)/147. The Tribunal was therefore justified in not upholding the interest levy. Case-Laws Income Tax Tue, 14 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18996