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2009 (12) TMI 715 - AT - Income TaxExtract: .......n 201(1) of the Act. Interest under section 201(1A) is merely compensatory and consequential in nature. The assessee was holding the tax on behalf of the Government and hence for depriving the Government of its dues will qualify interest liability also. In the result, all the appeals are dismissed. Pronounced in the open court on December 11, 2009.
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