https://www.taxtmi.com/caselaws?id=21678 The court clarified that "regular assessment" under the Income-tax Act includes the final assessment order giving effect to appellate decisions. It held that interest on refundable amounts should be paid from the beginning of the assessment year until the refund date. The court directed the Income-tax Officer to calculate and pay interest to the assessee at the prescribed rate. Additionally, it emphasized the importance of prompt settlement of dues and instructed the Officer to complete the correction process within six weeks. en-us Thu, 14 Mar 1991 00:00:00 +0530 Thu, 26 Nov 2009 16:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21678 The court clarified that "regular assessment" under the Income-tax Act includes the final assessment order giving effect to appellate decisions. It held that interest on refundable amounts should be paid from the beginning of the assessment year until the refund date. The court directed the Income-tax Officer to calculate and pay interest to the assessee at the prescribed rate. Additionally, it emphasized the importance of prompt settlement of dues and instructed the Officer to complete the correction process within six weeks. Case-Laws Income Tax Thu, 14 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21678