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1989 (9) TMI 1 - SC - Income TaxLliability of the appellant, the Life Insurance Corporation, to pay interest for the period after date of maturity of insurance policy, in case of delay in payment - mere intimation to ITO and assignee did not amount to discharge of statutory obligation u/s 226(3)(vi). The award of interest to the assignee was justified on the delay arose on account of the failure of the LIC to perform its statutory obligation u/s 226(3)(vi) - contention of the appellant is rejected
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