Amendment of section 276C.

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....se (ii), for the words "three years", the words "two years" shall be substituted; (ii) in sub-section (2), for the words "three years", the words "two years" shall be substituted. - Clause 101 of the Bill seeks to amend section 276C of the Income-tax Act relating to wilful attempt to evade tax, etc. The existing provisions of sub-section (1) of the aforesaid section 276C provide that if a per....

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....reduce the maximum imprisonment from three years to two years. The existing provisions of sub-section (2) of the aforesaid section provides that if a person wilfully attempts in any manner whatsoever to evade the payment of any tax, penalty or interest under the Act, he shall, without prejudice to any penalty that may be imposable on him under any other provision of the Act, be punishable with ri....