https://www.taxtmi.com/acts?id=53892 The penalty provision in section 483 of the Income-tax Act is amended by substituting the punishment prescribed in sub-section (1). The earlier reference to rigorous imprisonment for a minimum term with fine is replaced with simple imprisonment for a term up to two years and with fine. The amendment alters the nature and maximum duration of imprisonment under the offence provision while retaining the imposition of fine. en-us Tue, 31 Mar 2026 15:54:46 +0530 Tue, 31 Mar 2026 15:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53892 The penalty provision in section 483 of the Income-tax Act is amended by substituting the punishment prescribed in sub-section (1). The earlier reference to rigorous imprisonment for a minimum term with fine is replaced with simple imprisonment for a term up to two years and with fine. The amendment alters the nature and maximum duration of imprisonment under the offence provision while retaining the imposition of fine. Act-Rules F. Acts / Amendment Acts Tue, 31 Mar 2026 15:54:46 +0530 https://www.taxtmi.com/acts?id=53892