https://www.taxtmi.com/caselaws?id=437182 The Tribunal partially allowed the appeal challenging the imposition of interest under Section 234A for late filing of income tax return. It held that interest should be charged from the date of notice under Section 148, not from the return filing date or its due date. The Explanation under Section 234A(1) was considered, stating that assessments under Section 147 are regular assessments. The Tribunal's decision aligned with a ruling of the Hon'ble Bombay High Court, resulting in interest being charged from the notice date under Section 148. en-us Wed, 19 Apr 2023 00:00:00 +0530 Fri, 28 Apr 2023 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437182 The Tribunal partially allowed the appeal challenging the imposition of interest under Section 234A for late filing of income tax return. It held that interest should be charged from the date of notice under Section 148, not from the return filing date or its due date. The Explanation under Section 234A(1) was considered, stating that assessments under Section 147 are regular assessments. The Tribunal's decision aligned with a ruling of the Hon'ble Bombay High Court, resulting in interest being charged from the notice date under Section 148. Case-Laws Income Tax Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437182