Which period shall be considered for interest under Section 234B in case of re-assessment after the regular assessment?

Ans. If proceedings under Section 147 are initiated after the determination of tax under Section 143(1) (summary assessment) or Section 143(3) (scrutiny assessment), the interest shall be leviable from April 1 of the assessment year till the order of re-assessment.

​The interest shall be charged on the amount of t​ax determined in re-assessment less the amount of tax determined in summary or scrutiny assessment.​