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2003 (11) TMI 63 - KARNATAKA HIGH COURTWaiver of interest levied under sections 234A, 234B and 234C- petitioner for the assessment year 1997-98 ought to have filed a return of income under section 139(1) of the Act on or before August 31, 1997. He filed the return of income on March 31, 1998, declaring an income of Rs. 8,530. It was beyond the statutory period in terms of the provisions of the Income-tax Act – Since return have been filed after search proceedings, it cannot be said that the Chief Commissioner has committed any error in rejecting the application for waiver of interest
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