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2002 (7) TMI 224 - AT - Income TaxExtract: .......ion of the assessee cannot be said to be mala fide, particularly when in the earlier years exemption was allowed to the assessee. Accordingly, we hold that the assessee cannot be treated as in default under s. 201 of the Act. Consequently, the interest under s. 201(1A) cannot be levied. 5. In the result, the appeal filed by the assessee is allowed.
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