Appellants Challenge Commissioner's Decision on Interest Rate, Arguing for 15% Instead of 24% Prior to Circular Issuance.

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....Rate of Interest - appellants have challenged the order of Commissioner stating that interest should be charged from them @ 15% instead of 24% - Commissioner has given the benefit of reduced interest rate from 13.05.2002, which is much prior to the date of issue of this circular - Demand confirmed.....