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1990 (5) TMI 76 - ITAT HYDERABAD-AExtract: .......ate in respect of which the credit is made. In this view of the matter, we hold that no interest is leviable inasmuch as the amount of tax deductible on the interest credited has been paid within a few days from the time of making the credit entry. We, therefore, cancel the levy of interest under s. 201(1A). 4. In the result, the appeal is allowed.
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