Section 271 Amendment: Penalties for Concealing Income Not Applicable from Assessment Year Starting April 1, 2017.

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Full Text of the Document

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....Amendment of section 271. - existing penalty provisions for concealment of particulars of income or furnishing inaccurate particulars of income, is leviable. - provisions of section 271 shall not apply to and in relation to any assessment for the assessment year commencing on or after the 1st day of April, 2017.....