Amendment of section 201.

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Full Text of the Document

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.... company, who fails to deduct the whole or any part of the tax in accordance with the provisions of this Chapter on the sum paid to a resident or on the sum credited to the account of a resident shall not be deemed to be an assessee in default in respect of such tax if such resident-- (i) has furnished his return of income under section 139; (ii) has taken into account such sum for computing i....