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        F. Acts / Amendment Acts

        Section 19 - Amendment of Section 271

        Finance Act, 1968
        Chapter III
        INCOME-TAX

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        Penalty for concealment of income expanded to a variable amount in addition to tax liability. Amendment to Section 271 makes the penalty an additional charge over tax payable and prescribes that it shall not be less than, but shall not exceed twice, the amount of the income in respect of which particulars were concealed or inaccurately furnished.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Penalty for concealment of income expanded to a variable amount in addition to tax liability.

                            Amendment to Section 271 makes the penalty an additional charge over tax payable and prescribes that it shall not be less than, but shall not exceed twice, the amount of the income in respect of which particulars were concealed or inaccurately furnished.


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