https://www.taxtmi.com/caselaws?id=19258 Proceedings initiated under section 148 culminate in reassessment, not regular assessment, and the term "regular assessment" in section 217 is confined to assessments under sections 143 and 144. An assessment first framed under sections 147/148 may be an assessment in a broad sense, but it does not fall within section 2(40) for fastening interest liability under section 217. Accordingly, interest under section 217 is not chargeable on an assessment made in pursuance of notice under section 148. en-us Thu, 21 Jul 1994 00:00:00 +0530 Thu, 05 Nov 2009 10:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19258 Proceedings initiated under section 148 culminate in reassessment, not regular assessment, and the term "regular assessment" in section 217 is confined to assessments under sections 143 and 144. An assessment first framed under sections 147/148 may be an assessment in a broad sense, but it does not fall within section 2(40) for fastening interest liability under section 217. Accordingly, interest under section 217 is not chargeable on an assessment made in pursuance of notice under section 148. Case-Laws Income Tax Thu, 21 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19258