Scope of Expl.5 to Sec.271(1)(c).

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....87 Explanation 5 to Section 271(1)(c) introduced by the Taxation Laws (Amendment and Misc. Provisions) Act, 1986 provides that if in the course of a search under section 132, the assessee makes a s....

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....interest on admitted concealed income has to be paid by the assessee. The Board is of the view that immunity provided under the Section will be available only if the tax and interest due on the admitt....