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2005 (10) TMI 438 - AT - Income TaxExtract: ....... and whose shares are definite and ascertainable, the appropriate rate of deduction of tax at source is 15 per cent and not 20 per cent under section 194-I. Thus, the tenants are not to be treated as assessee-in-default under section 201(1). Consequently, no interest is to be levied under section 201(1A). In the result, all the appeals are allowed.
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