https://www.taxtmi.com/caselaws?id=21296 The court held that interest under section 139(8) of the Income-tax Act cannot be charged for assessments made under section 147. It was clarified that assessments under section 147 should be considered regular assessments for charging interest, but this amendment was not applicable to the relevant assessment year. The court emphasized that interest is part of the assessment process for regular assessments under sections 143 or 144, excluding assessments under section 143(3) read with section 147. Relying on consistent judicial interpretations, the court ruled in favor of the assessee, concluding that interest under section 139(8) cannot be levied for assessments under section 147. en-us Tue, 28 Aug 1990 00:00:00 +0530 Sat, 21 Nov 2009 13:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21296 The court held that interest under section 139(8) of the Income-tax Act cannot be charged for assessments made under section 147. It was clarified that assessments under section 147 should be considered regular assessments for charging interest, but this amendment was not applicable to the relevant assessment year. The court emphasized that interest is part of the assessment process for regular assessments under sections 143 or 144, excluding assessments under section 143(3) read with section 147. Relying on consistent judicial interpretations, the court ruled in favor of the assessee, concluding that interest under section 139(8) cannot be levied for assessments under section 147. Case-Laws Income Tax Tue, 28 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21296