Amendment of section 271AA.

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Full Text of the Document

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....70A or" shall be inserted; (b) after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:- "(2) If any person fails to furnish the information and the document as required under sub-section (4) of section 92D, the prescribed income-tax authority referred to in the said sub-section may direct that such person shall pay, by way of penalty, a sum of five hundred t....