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2004 (5) TMI 242 - ITAT DELHI-AExtract: ....... it did not fall within the definition of the term rent and also as clarified by the Board in its circular mentioned earlier. Accordingly, we hold that the assessee was not liable to deduct tax at source from the amount of Rs. 2,22,000 and hence no penalty was leviable. We cancel the penalty. 6. In the result, the appeal of the assessee is allowed.
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