Amendment of section 271G.

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Full Text of the Document

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....013. - Clause 97 of the Bill seeks to amend section 271G of the Income-tax Act relating to penalty for failure to furnish information or document under section 92D. The existing provision of the aforesaid section 271G provides that if any person who has entered into an international transaction fails to furnish any such information or document as required by sub-section (3) of section 92D, the ....