https://www.taxtmi.com/caselaws?id=754195 ITAT Cochin held that interest under section 234B(1) on assessment under section 153A dated 28.03.2013 should be charged for 36 months from April 2010 to March 2013, being the first assessment. Section 234B(3) applies only when assessment under section 147/153A is not made for first time. Appellate order under section 250(6) only adjusts interest amount based on revised tax liability under section 234B(4), not the charging period. AO directed to compute interest accordingly for the specified 36-month period. en-us Thu, 28 Mar 2024 00:00:00 +0530 Tue, 18 Jun 2024 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754195 ITAT Cochin held that interest under section 234B(1) on assessment under section 153A dated 28.03.2013 should be charged for 36 months from April 2010 to March 2013, being the first assessment. Section 234B(3) applies only when assessment under section 147/153A is not made for first time. Appellate order under section 250(6) only adjusts interest amount based on revised tax liability under section 234B(4), not the charging period. AO directed to compute interest accordingly for the specified 36-month period. Case-Laws Income Tax Thu, 28 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754195