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2015 (7) TMI 413 - HC - Income TaxLevy of interest u/s 234A & 234B on returned income or assessed income - Retrospective amendment made by the Finance Act, 2001 w.e.f. 01.04.1989 - Held that:- We are bound by the decision of this Court in Parkash Agro Industries Vs Dy. Commissioner of Income Tax [2007 (10) TMI 294 - PUNJAB AND HARYANA HIGH COURT ] which has answered this question in favour of the appellant i.e. interest was chargeable on the assessed income. - Decided in favour of appellant.
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