Regarding sec. 234b int when mat was applied in re-assessment

m suresh (Querist) 09 December 2015 This query is : Resolved
sir/madam, one of my clients for A.Y 2008-09 assessment u/s. 143(3) completed on 07/12/2011 and re assessment u/s. 148 was made on 24/12/2012 and it was completed on 26/03/2014. at last in re assessment MAT u/s. 115jb was applied and int. u/s. 234B was applied from 01/04/2009 to 26/03/2014 (60 months). but my doubt is in act reg. 234b (3), when re assessment was completed then int calculation under this section is from date where (normal assessment completed) to (date of re assessment completed) i.e., in this case from 07/12/2011 to 26/03/2014 (28 months). according to act it is 28 months and A.O calculated at 60 months stating that it is sec. 115jb mat . please guide me in this situtation which is correct.

Follow Query

Report Abuse