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1998 (9) TMI 146 - ITAT MADRAS-DExtract: .......ich has been inserted by the Finance Act, 1997). In s. 271F the legislature has not only referred to s. 139(1) but also referred to the failure to furnish the return on or before the due date. 8. We, therefore, hold that no penalty is imposable on the assessee under s. 271B. Hence the penalty imposed under s. 271B is deleted. The appeal is allowed.
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