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2005 (7) TMI 56 - HC - Income TaxRectification of mistake - Petitioner, a Government of Kerala undertaking, is challenging exhibit P12 demand notice issued under section 156, demanding excess interest paid by the Government to the company as computed by the Chief Commissioner of Income-tax pursuant to exhibit P4 order of the Tribunal - The decisions relied on by the petitioner are rendered prior to the introduction of section 244A(3). As of now, excess interest paid under section 244A(1) can be demanded under section 154 as provided under section 244A(3). Since I find exhibit P12 demand is pursuant to exhibit P13 order which is a rectification order issued under section 154, the challenge against the demand is unsustainable. I find the assessee has no dispute on the merits inasmuch as it has no contest against exhibit P11 by which the Chief Commissioner of Income-tax has refixed the eligible interest to it under section 244A(2). I find no substance in the technical objection raised by the petitioner against the demand notice. O.P. is therefore devoid of any merit and is dismissed
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