Insertion of new section 271A
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....71A. After section 271 of the Income-tax Act, the following section shall be inserted, namely: - "271A. Failure to keep, maintain or retain books of account, documents, etc.- With....
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.... Commissioner may direct that such person shall pay, by way of penalty," a sum which shall not be less than ten per gent, but which shall not exceed fifty per cent, of the amount of the tax, if any, w....
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