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1995 (2) TMI 47 - RAJASTHAN HIGH COURTExtract: .......ltimately held that when the tax paid is more than the assessed tax no penalty under section 271(1)(a)(i)(b) can be imposed. Considering the above-referred decisions, we answer the question against the Revenue and in favour of assessee holding that no interest can be imposed in cases where the tax assessed is less than the tax paid by the assessee.
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