https://www.taxtmi.com/acts?id=9587 Amendments to section 271 expand referenced authority by inserting the Commissioner alongside Commissioner (Appeals) in the opening portion and specified explanations, rephrase penalty language from "in addition to any tax payable" to "in addition to tax, if any, payable," omit an Explanation limiting application to taxpayers not previously assessed, and substitute the computation rule to treat concealed or inaccurately reported income as if it were the total income where it reduces declared loss or converts loss into income. en-us Tue, 21 Oct 2008 14:08:24 +0530 Tue, 21 Oct 2008 14:08:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9587 Amendments to section 271 expand referenced authority by inserting the Commissioner alongside Commissioner (Appeals) in the opening portion and specified explanations, rephrase penalty language from "in addition to any tax payable" to "in addition to tax, if any, payable," omit an Explanation limiting application to taxpayers not previously assessed, and substitute the computation rule to treat concealed or inaccurately reported income as if it were the total income where it reduces declared loss or converts loss into income. Act-Rules F. Acts / Amendment Acts Tue, 21 Oct 2008 14:08:24 +0530 https://www.taxtmi.com/acts?id=9587