No sec. 234B interest as deficiency in advance tax attributed to blockage of sale proceeds by BIFR

IT: Where interest under section 234B was levied from assessee on ground that it failed to pay tax on capital gain arising from sale of capital assets within prescribed time, in view of fact that sale proceeds were deposited in a 'no lien' account with bank as per direction of BIFR, and assessee remitted tax immediately after said direction was lifted, impugned order levying interest was to be set aside

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