Dismissing the appeal the Court held that the assessment order dated December 26, 2008 under section 143(3) read with section 147 was not the first assessment, as the assessment was made under section 143(3) dated March 31, 2004, which fact was not disputed. Since the assessment framed under section 143(3) read with section 147 dated December 26, 2008, was not the assessment made for the first time, it could not be regarded as a ”regular assessment” for the purposes of section 234D and therefore, no interest could be levied on the assessee. (AY. 2001-02)