Amendment of Act 27 of 1957

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....amely :- "(xvia) 6 1/2 per cent. Gold Bonds, 1977, and 7 per cent. Gold Bonds, 1980;"; (ii) in section 18, after sub-section (2), the following sub-sections shall be inserted, namely :- "(2A) Notwithstanding anything contained in clause (i) or clause (iii) of sub-section (1), the Commissioner may, in his discretion, - (i) reduce or waive the amount of minimum pe....

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....ulars furnished in respect of the assets or debts in respect of which the penalty is imposable, voluntarily and in good faith, made full and true disclosure of such particulars; (b) has co-operated in any enquiry relating to the assessment of the wealth represented by such assets; and (c) has either paid or made satisfactory arrangements for payment of any tax or interest payable....

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....sub-section (1) of section 18 has been reduced or waived by an order under sub-section (2A) of that section."; (b) after sub-section (4), the following sub-section shall be inserted, namely :- "(4A) Where any proceeding has been taken against any person under sub-section (3), any statement made or account or other document produced by such person before any of the Wealth-tax auth....