Amendment of section 478.

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Full Text of the Document

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.... interest chargeable or imposable, or under-reports his income, under this Act, he shall be punishable- (a) with simple imprisonment for a term up to two years, or with fine, or with both, where the amount sought to be evaded or tax on under-reported income exceeds fifty lakh rupees; or (b) with simple imprisonment for a term up to six months, or with fine, or with both, where th....