Insertion of new sections 272A and 272B

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....) If a person,- (a) being legally bound to state the truth of any matter touching the subject of his assessment, refuses to answer any question demanded of him by an Income-tax Officer or an Appellate Assistant Commissioner or an Inspecting Assistant Commissioner or a Commissioner in the exercise of his powers under this Act; or (b) refuses to sign any statement made by him in the course of an....

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....hall pay, by way of penalty, a sum which may extend to ten rupees for every day during which the failure continues. (3) Any penalty imposable under sub-section (1) or sub-section (2) shall be imposed,- (a) in a case where the contravention, failure or default in respect of which such penalty is imposable occurs in the course of any proceeding before the Commissioner or the Appellate Assistant ....