2004 (1) TMI 634

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....A.K. Garodia, A.M.-This is an assessee's appeal directed against the order of learned CIT(A), Mumbai, dated 17-11-1997. The only issue raised in this appeal is regarding chargeability of interest tax on the interest received by the assessee on income tax refund. 2. It was argued by the learned AR of the assessee that under section 2(7) of the Interest-tax Act, 1974, interest is defined as "inte....