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2016 (10) TMI 810 - HC - Income TaxLevy of interest u/s 234A - petitioner submitted that cash amount seized at the premises of assessee at the time of raid should be treated as 'Tax Paid' by assessee - Held that:- Assessee himself had deposited tax which was more than ultimate amount found as Tax payable. If an assessee has deposited higher amount of tax than returned tax accepted by Revenue, the question of levy of interest under Section 234-A would not arise.
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