Interest Demand on Rs. 85 Crore Advance Rejected as Per Paragraph 14.1; Order Requires Reversal of Interest Demand.

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Full Text of the Document

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....Demand of interest - advance received earlier, returned by the appellant later - The demand of interest on the advance (of Rs.85 crores) received by the appellant and returned thereafter, as confirmed in paragraph 14.1 of the impugned order, cannot sustain and requires to be set aside - AT....