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<h1>Section 276E of Income-tax Act Removed Penalties for Non-Compliance with Section 269T Deposit Rules Since 1989</h1> Section 276E of the Income-tax Act, 1961, previously penalized failure to comply with the provisions of section 269T related to repayment of certain deposits. The provision prescribed imprisonment up to two years and a fine equal to the deposit amount for non-compliance. However, this section has been omitted by subsequent amendments effective from 1989, removing the specific penal consequences for such failure under this section.