Section 68 - Amendment of section 272A - Finance (No. 2) Act, 1991

68. Amendment of section 272A. In section 272A of the Income-tax Act, in sub-section (2), with effect from the 1st day of October, 1991,- (a) in clause (c), after the figures and letter 206B , the words, figures and letter or section 206C shall be inserted; (b) in clause (g), after the figures 203 , the words, figures and letter or section 206C shall be inserted; (c) the following proviso shall be inserted at the end, namely:- Provided that the amount of penalty for failures in relation to returns under sections 206 and 206C shall not exceed the amount of tax deductible or collectible, as the case may be. .