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2007 (3) TMI 660 - AT - Income TaxExtract: .......st is chargeable on the amount of tax actually paid. The wording in section 201(1A) is that interest is to be charged on such tax which was not paid. Accordingly, it is held that the interest under section 201(1A) will be chargeable on the sum of Rs. 8,49,503 from the date on which the tax was deductible. In the result the appeal is partly allowed.
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