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Substitution of new section for section 446.
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....for section 446. 101. For section 446 of the Income-tax Act, the following section shall be substituted, namely:- Penalty for failure to furnish information or for furnishing inaccurate in....
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....tinues. (2) The prescribed income-tax authority may impose a penalty of Rs. 50000 on a person referred in sub-section (1), if such person- (a) provides inaccurate information in the ....
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