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1995 (5) TMI 42 - ITAT AHMEDABAD-A - Income Tax
Extract:
.......way of levy of or allowing of interest. Interest under any of the provisions of IT Act is compensation for withholding the payments. Hence interest should be charged/allowed in such a manner that it should be just and equitable and should be in accordance with the provisions of law. 24. In the result, the appeals are disposed of as indicated above.