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1984 (6) TMI 130 - ITAT MADRAS-BExtract: .......of the Special Bench, with which we agree, we are of the view that in the circumstances of the case interest under section 139(8) is not leviable on the two assessee-firms, since no tax was payable by them resulting from the assessment, the advance tax paid by them being in excess of the tax demand. In the result the assessee s appeals are allowed.
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