Penalty for failure to collect or pay securities transaction tax

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....r failure to collect or pay securities transaction tax.- Any assessee who- (a) fails to collect the whole or any part of the securities transaction tax as required under section 100; or (b) h....

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.... provisions of section 104, by way of a penalty, a sum equal to the amount of securities transaction tax that he failed to collect; and (ii) in the case referred to in clause (b), in addition....