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1992 (7) TMI 63 - HC - Income TaxExtract: .......ncome-tax Appellate Tribunal is in accordance with law and the Tribunal was right in holding that interest cannot be charged under section 217 of the Income-tax Act, 1961, on reassessment made under section 147 of the Income-tax Act, 1961. The reference is answered accordingly in favour of the assessee and against the Revenue. No order as to costs.
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