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of <h1>Amendment to Section 221 clarifies penalty liability persists even after tax payment under Income-tax Act, 1961.</h1> Section 221 of the Income-tax Act, 1961, is amended by the Taxation Laws (Amendment) Act, 1975, to include an explanation in sub-section (1). This explanation clarifies that an assessee remains liable for any penalty under this sub-section even if they have paid the tax before the penalty is levied. This amendment aims to remove any doubt regarding the continuation of penalty liability despite prior tax payment.
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