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2011 (1) TMI 909 - HC - Income TaxUnder Section 234A and 234B - Interest - The revenue submits that levy of interest was mandatory The assessee was not following any method of accountancy in absence of which she was liable to be taxed in the year of receipt, particularly after amendment to Section 45(5) as held by the Hon’ble Supreme Court in Ghanshyam’s case - Liability of interest is mandatory in view of law laid down by the Hon’ble Supreme Court in M.H.Ghaswala’s case (2009 -TMI - 34152 - SUPREME COURT) - Hence, the questions of law raised by the revenue have to be answered in its favour
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