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1962 (8) TMI 1 - HC - Income Tax"Whether, on the facts and circumstances of the case, the Appellate Tribunal was justified in, law in holding that the Appellate Assistant Commissioner erred in directing the Income-tax Officer to determine the interest payable by the assessee under section 18A having regard to the fifth proviso of section 18A(6) read with rule 48 of the Income-tax Rules?" - Held that: There does not appear to be any provision in the Income-tax Act for reduction or waiver of interest where the liability arises under sub-clause (8) of section 18A. - Answered against the assessee.
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