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2005 (2) TMI 64 - GUJARAT HIGH COURTInterest charged under section 217 – advance tax - "Whether the Appellate Tribunal is right in law and on facts in cancelling the interest charged under section 217 of the Income-tax Act?" - it is not possible to accept the contention raised on behalf of the Revenue that even a "nil" statement of advance tax payable was required to be submitted. There being no such legislative intent discernible on a plain reading of the provisions of the Act, the impugned order of the Tribunal does not call for any interference. - Even oh application of commercial principles, the Revenue has failed to make out any case in the absence of any legal right. - question referred to the court is, therefore, answered in the affirmative, i.e., in favour of the assessee
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