Amendment of section 147.

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.... namely:-                "Provided further that nothing contained in the first proviso shall apply in a case where any income in relation to any asset (including financial interest in any entity) located outside India, chargeable to tax, has escaped assessment for any assessment year:";       &nbsp....

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....mely:-                "(d)  where a person is found to have any asset (including financial interest in any entity) located outside India.";            (iv) after Explanation 3, the following Explanation shall be inserted, namely:-       &nbs....