https://www.taxtmi.com/caselaws?id=785169 Interest under the interest provision is leviable for delay in filing the original return; interest is computed on tax on total income as determined under a regular assessment. Where an assessment is made for the first time pursuant to an assessment notice arising from seized-record proceedings, that assessment is to be treated as a regular assessment for interest computation purposes. Because the assessment in this case was made for the first time pursuant to the seized-record notice, the assessment qualified as a regular assessment and interest for delayed filing was correctly calculated and charged by the assessing officer, and the taxpayer's grounds were dismissed. en-us Thu, 15 Jan 2026 00:00:00 +0530 Mon, 19 Jan 2026 07:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785169 Interest under the interest provision is leviable for delay in filing the original return; interest is computed on tax on total income as determined under a regular assessment. Where an assessment is made for the first time pursuant to an assessment notice arising from seized-record proceedings, that assessment is to be treated as a regular assessment for interest computation purposes. Because the assessment in this case was made for the first time pursuant to the seized-record notice, the assessment qualified as a regular assessment and interest for delayed filing was correctly calculated and charged by the assessing officer, and the taxpayer's grounds were dismissed. Case-Laws Income Tax Thu, 15 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785169