Amendment of section 140B.
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....turn is filed in pursuance of a notice issued under section 148 within the period specified in the said notice, the additional income-tax payable under sub-section (3) shall be increased by a further sum of ten per cent. of the aggregate of tax and interest payable, as determined in sub-section (1) or sub-section (2), as the case may be.". - Clause 6 of the Bill seeks to amend section 14....
TaxTMI