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2004 (12) TMI 638 - AT - Income TaxExtract: .......interest expenses in the hands of assessee is to be treated as paid to the Trustee to herself and accordingly income accruing to the minor children of the assessee is to be clubbed under section 64(1A). 6. Charging of interest under sections 234A, 234B and 234C is mandatory and consequential in nature. In the result, both the appeals are dismissed.
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