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2001 (3) TMI 4 - SUPREME COURT
Recovery of Tax - Once the demand ceased to exist and the fact was brought to the notice of the Tax Recovery Officer by the assessee, the former should have cancelled the recovery certificate and, therefore, with effect from that date till the date of refund, the interest should be paid by revenue - For the period for which the sale was not vitiated on account of the demand having not been adjudged to be non-existent, in our opinion, the assessee should pay the interest.