Amendment of section 271
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....ub-section (1),- (i) in clause (c), the word "deliberately" shall be omitted; (ii) the following Explanation shall be inserted at the end, namely:- "Explanation.- Where the ....
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....son shall, unless he proves that the failure to return the correct income did not arise from any fraud or any gross or wilful neglect on his part, be deemed to have concealed the particulars of his in....


TaxTMI
TaxTMI