https://www.taxtmi.com/caselaws?id=21044 The High Court held that interest under section 215 of the Income-tax Act should be computed up to the date of the assessment made under section 143(3) and not up to the date of the assessment made under section 143(1). The Court emphasized the importance of the fresh assessment under section 143(3) in determining the assessed tax for calculating interest under section 215, ruling in favor of the Revenue. The judgment clarified the correct interpretation of the law and resolved the issue in favor of the Revenue by considering the assessment under section 143(3) as the relevant regular assessment for interest calculation. en-us Mon, 14 Sep 1992 00:00:00 +0530 Wed, 18 Nov 2009 18:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21044 The High Court held that interest under section 215 of the Income-tax Act should be computed up to the date of the assessment made under section 143(3) and not up to the date of the assessment made under section 143(1). The Court emphasized the importance of the fresh assessment under section 143(3) in determining the assessed tax for calculating interest under section 215, ruling in favor of the Revenue. The judgment clarified the correct interpretation of the law and resolved the issue in favor of the Revenue by considering the assessment under section 143(3) as the relevant regular assessment for interest calculation. Case-Laws Income Tax Mon, 14 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21044