Failure to furnish return of income setting forth undisclosed income

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Full Text of the Document

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.... be furnished by notice given under section 294(1)(a), he shall be punishable- (a) with simple imprisonment for a term up to two years, or with fine, or with both, where the amount of tax exceeds fifty lakh rupees; or (b) with simple imprisonment up to six months, or with fine, or with both, where the amount of tax exceeds ten lakh rupees but does not exceed fifty lakh rupees; or....