Imprisonment punishment amendment replaces rigorous imprisonment with simple imprisonment under the Income-tax Act. Section 475 of the Income-tax Act is amended by substituting the punishment clause. The amendment replaces rigorous imprisonment for a term which may extend to two years and liability to fine with simple imprisonment for a term up to two years and fine. The change is limited to the nature of imprisonment and the wording of the fine provision, while the maximum imprisonment term remains unchanged.
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Imprisonment punishment amendment replaces rigorous imprisonment with simple imprisonment under the Income-tax Act.
Section 475 of the Income-tax Act is amended by substituting the punishment clause. The amendment replaces rigorous imprisonment for a term which may extend to two years and liability to fine with simple imprisonment for a term up to two years and fine. The change is limited to the nature of imprisonment and the wording of the fine provision, while the maximum imprisonment term remains unchanged.
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