Prevention of double interest: interest under collection procedure displaces default-interest for the same tax amount and period. The amendment provides that where interest is charged under the collection provision on an amount specified in an intimation issued under the special collection procedure, no interest shall be charged under the default-interest provision on that same amount for the same period.
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Provisions expressly mentioned in the judgment/order text.
Prevention of double interest: interest under collection procedure displaces default-interest for the same tax amount and period.
The amendment provides that where interest is charged under the collection provision on an amount specified in an intimation issued under the special collection procedure, no interest shall be charged under the default-interest provision on that same amount for the same period.
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