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1964 (12) TMI 50 - HC - Income TaxExtract: .......n 10(2)(iii) of the Act, the income-tax authorities had no power to scale down the rate of interest on the ground of reasonableness and/or on the ground of non-business considerations. The department will pay ₹ 100 (one hundred) to the assessee towards the costs of these references. NARASIMHAM C.J.--I agree. Question answered in the negative.
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