https://www.taxtmi.com/caselaws?id=21542 The High Court of Rajasthan ruled in favor of the assessee, a Hindu undivided family, in a case questioning the validity of charging interest under section 217 in a reassessment made under section 147 of the Income-tax Act, 1961. The court held that interest cannot be levied in reassessments under section 147, emphasizing that it is only payable up to the date of regular assessment under sections 143 or 144. The judgment supported the view of the Income-tax Appellate Tribunal, stating that interest under section 217 is not applicable in reassessments under section 147. en-us Wed, 29 Jul 1992 00:00:00 +0530 Wed, 25 Nov 2009 12:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21542 The High Court of Rajasthan ruled in favor of the assessee, a Hindu undivided family, in a case questioning the validity of charging interest under section 217 in a reassessment made under section 147 of the Income-tax Act, 1961. The court held that interest cannot be levied in reassessments under section 147, emphasizing that it is only payable up to the date of regular assessment under sections 143 or 144. The judgment supported the view of the Income-tax Appellate Tribunal, stating that interest under section 217 is not applicable in reassessments under section 147. Case-Laws Income Tax Wed, 29 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21542