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2013 (3) TMI 220 - HC - Income TaxWavier of interest seeked pursuant to notification dated 23.05.1996 issued u/s 119(2)(a) - additional demand of tax and interest - status of a registered firm disallowed - Held that:- Clause (d) of the notification which is relied on for waiver is applicable in a case where tax has been paid relying on the judgment of the High Court or Supreme Court and that subsequently, the liability got increased on account of reversal of the judgment relied on by the assessee. Having closely perused the assessee's applications no ground raised by the petitioners, which can be traced to Clause(d) of the notification dated 23.05.1996 also evident from the orders passed by the respondents rejecting the applications.
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