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2006 (4) TMI 193 - AT - Income TaxExtract: .......as not justified in levying the interest on the assessee under s. 234B(3) of the Act, at Rs. 6,85,058 for the period from 31st March, 1995 to 14th March, 2002. Therefore, we have no option but to delete the same. Hence, we delete the interest levied by the AO under s. 234B(3) of IT Act, 1961. 8. In the result, the appeal of the assessee is allowed.
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