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2004 (8) TMI 77 - HC - Income TaxPenalty u/s 272A(2)(f) - Penalty proceedings had been initiated by the Assessing Officer for delay in furnishing the declarations in Form No. 15H furnished by various depositors within the time stipulated under section 197A(1A) of the Act - Tribunal has found that the assessee was not required to deduct any tax at source under section 194A of the Act as in none of the cases, interest payable exceeded Rs. 10,000 and, thus, even Form No. 15H was not required to be filed - It is clear that the default in the present case is merely of technical or venial in nature – Held that no penalty under section 272A(2)(f) of the Act was leviable.
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