M/S K. Govindan & Sons vs C.I.T. Cochin

The Supreme Court addressed whether interest can be charged under Section 139(8) of the Income Tax Act, 1961 during an assessment made under Section 147. The Court held that an assessment under Section 147 is considered a 'regular assessment' as defined in Section 2(40), allowing for the imposition of interest under Section 139(8). Consequently, the High Court's ruling affirming the validity of such interest charges was upheld, confirming the assessing officer's authority to levy interest in this context.