Interest charge coordination prevents double interest when interest is charged under withholding provisions on intimated tax, barring other interest. Where interest is levied under the withholding-interest mechanism on the amount of tax notified in an intimation issued under the tax-intimation procedure, no separate interest shall be charged under the general delayed-payment interest provision on that same amount for the same period.
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Provisions expressly mentioned in the judgment/order text.
Interest charge coordination prevents double interest when interest is charged under withholding provisions on intimated tax, barring other interest.
Where interest is levied under the withholding-interest mechanism on the amount of tax notified in an intimation issued under the tax-intimation procedure, no separate interest shall be charged under the general delayed-payment interest provision on that same amount for the same period.
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