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2011 (3) TMI 566 - CALCUTTA HIGH COURTInterest - Demand - Application for stay - Whether the Tribunal was justified in law in holding that the interest under section 201(1A) was mandatory and automatic irrespective of the bona fide contentions/conduct of the appellant? - Held that:- Yes. Assessee in default - deemed default - requirement of issuance of notice u/s 156 - Held that:- if a case is one of "deemed default" under section 201, in that event, the service of notice under section 156 is not called for and to be ignored. - in a case where section 201(1) is attracted there is no need of giving any notice under section 156 of the Act and if any such notice is given the same should be held to be redundant.
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