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2008 (5) TMI 183 - ORISSA HIGH COURTHeld that in absence of seizure of any cash belonging to the HUF during the search, the assessee’s case was not covered under notification issued by the CBDT for the purpose of waiver of interest u/s 234B and 234C – therefore, levy of interest is not justified – Held that notice u/s 156 was mandatory before initiating recovery proceedings, as no notice of demand was given it was not permissible for AO to levy interest
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