Show Cause Notice Unnecessary if Tax and Interest Already Paid u/s 73(3.

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Full Text of the Document

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....Levy of penalty - when the tax amount stands already deposited with interest, the very SCN was not required to be issued under Section 73(3). Merely because the tax amount has been deposited on the basis of ascertainment by the Department, the assessee cannot be deprived of the benefit of aforesaid provisions - AT....