{"id":23639,"date":"2022-01-09T10:11:34","date_gmt":"2022-01-09T04:41:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-united-india-insurance-co-ltd-2021-438-itr-301-mad-hc\/"},"modified":"2022-04-17T16:45:03","modified_gmt":"2022-04-17T11:15:03","slug":"cit-v-united-india-insurance-co-ltd-2021-438-itr-301-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-united-india-insurance-co-ltd-2021-438-itr-301-mad-hc\/","title":{"rendered":"CIT v. United India Insurance Co. Ltd. (2021) 438 ITR 301\/(2022) 284 Taxman 598   (Mad.) (HC)"},"content":{"rendered":"<p>Dismissing the appeal the Court held that the assessment order dated December 26, 2008 under section\u00a0143(3)\u00a0read with section\u00a0147\u00a0was not the first assessment, as the assessment was made under section\u00a0143(3)\u00a0dated March 31, 2004, which fact was not disputed. Since the assessment framed under section\u00a0143(3)\u00a0read with section\u00a0147\u00a0dated December 26, 2008, was not the assessment made for the first time, it could not be regarded as a \u201dregular assessment\u201d for the purposes of section\u00a0234D\u00a0and therefore, no interest could be levied on the assessee. (AY. 2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 234D : Interest on excess refund-Order of  Assessment    on 31-3-2006-Reassessment  order on 26-12-2008-Interest could not be levied. [S. 2(40), 143(3), 147, 153A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-23639","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-69h","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=23639"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23639\/revisions"}],"predecessor-version":[{"id":26480,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23639\/revisions\/26480"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=23639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=23639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}