Amendment of section 167C

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Full Text of the Document

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....of this section, the expression "tax due" includes penalty, interest or any other sum payable under the Act.'.   - Clause 40 of the Bill seeks to amend section 167C of the Income-tax Act relating to liability of partners of limited liability partnership in liquidation.     The existing provisions of the aforesaid section 167C provide that where any tax is due from....