Amendment of section 271AAB.

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Full Text of the Document

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....xty per cent." shall be substituted; (b) in sub-section (2), after the words "No penalty under the provisions of", the words, figures and letter "section 270A or" shall be inserted - Clause 101 of the Bill seeks to amend section 271AAB of the Income-tax Act relating to penalty where search has been initiated. Clause (c) of sub-section (1) of the aforesaid section provides that a penalty of ....