Penalty for failure to deduct tax at source updated to remove obsolete reference and align with proviso to section 194B.

The amendment deletes the word "second" from clause (b)(ii) of sub-section (1) of section 271C so that the penalty provision correctly applies to failures to credit or pay tax deducted at source under the proviso to section 194B, correcting a cross-reference rendered obsolete when the earlier proviso to section 194B was previously omitted; the change takes effect from 1 April 2022.

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