https://www.taxtmi.com/caselaws?id=28223 The court clarified that interest under sections 139(8) and 217 of the Income-tax Act is not applicable to assessments or reassessments conducted under section 147. The definition of 'regular assessment' under section 2(40) was strictly interpreted to exclude assessments under section 147 from attracting such interest. The court emphasized the legislative intent behind the definition and ruled that only assessments under sections 143 and 144 qualify as 'regular assessments' for the purpose of levying interest under the specified sections. en-us Fri, 27 Jan 1984 00:00:00 +0530 Fri, 19 Feb 2010 17:27:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28223 The court clarified that interest under sections 139(8) and 217 of the Income-tax Act is not applicable to assessments or reassessments conducted under section 147. The definition of 'regular assessment' under section 2(40) was strictly interpreted to exclude assessments under section 147 from attracting such interest. The court emphasized the legislative intent behind the definition and ruled that only assessments under sections 143 and 144 qualify as 'regular assessments' for the purpose of levying interest under the specified sections. Case-Laws Income Tax Fri, 27 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28223