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2007 (6) TMI 184 - HC - Income TaxExtract: .......tiny of law even on the merits. The petitioners shall pay to the Income-tax Department Rs. 56,13,227 within four weeks from the date of pronouncement of the judgment, failing which, the same shall carry interest at 12 per cent. per annum. In the result, the petition is allowed. Rule is made absolute in terms of this order with no order as to costs.
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