1997 (10) TMI 96

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..... ii) of the Income-tax Act, 1961 and relates to the assessment year 1989-90. 2. I have heard the rival submissions in the light of material placed before me and precedents relied upon. It is prescribed under proviso to section 272A(2) : " that the amount of penalty for failures in relation to returns under sections 206 and 206C shall not exceed the amount of tax deductible or collectible, as the .....

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..... ducted. It was duly paid to the credit of the Central Government within time. There is no dispute on this aspect. Further assessee was required to give information of such deposit on a prescribed form. Such form could not be furnished. It was stated that assessee was labouring under a bona fide belief that no such requirement was there to furnish the form. The default caused due to the non-furnish .....

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..... ustine asked, in modern language was whether a Government which did not have justice as objective was really anything more than a venture in large scale gangsterism. 6. To mitigate the rigour of the dictum " IGNORENTIA LEGIS NON EXCUSAT ", and to promote the cause of justice another dictum was prescribed : " DE NON MINIMIS CURAT LEX " (Law does not take into account trivialities). 7. Levy Ullm .....

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