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2011 (9) TMI 83 - HC - Income TaxWaiver of interest - circular dated 23rd May, 1996 as clarified by another circular dated 30th January, 1997 or by the circular No. 2/2006 dated 17th January, 2006 - recomputation of deduction u/s 80HHC - retrospective amendment to secton 80HHC (5th proviso) - Held that:- It is clear that as a result of the insertion of the proviso, the petitioner became entitled to deduction under Section 80 HHC of Rs.1,27,292/- The proviso did not act as a detriment or negate or reduce the claim of deduction. - Waiver of interest u/s 234B and 234C denied.
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