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2007 (7) TMI 382 - HC - Income TaxBook profit- Whether the Income-tax Appellate Tribunal was justified in holding that no interest under sections 234B and 234C of the Act is leviable once income-tax is determined under section 115J of the Act? Held that- in the light of the decision of Karnataka High Court and the Supreme Court the Income-tax Appellate Tribunal was justified in holding that no interest under sections 234B and 234C of the Act is leviable once the income-tax is determined under section 115J of the Act.
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