Rationalisation of penalty provisions relating to under-reported income

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..... n of penalty provisions relating to under-reported income Section 270A contains provisions relating to penalty for under-reporting and misreporting of income. The existing provisions .....

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..... manner of computing the quantum of penalty in a case where the person has under-reported income and furnished his return for the first time under section 148, it is proposed to suitably amend the pro .....

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