Amendment of section 271FAA

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..... Income-tax Act, for sub-section (1), the following sub-section shall be substituted with effect from the 1st day of October, 2024, namely: (1) If a person referred to in sub-section (1) of section 28 .....

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..... -section (1) thereof may direct that such person shall pay, by way of penalty, a sum of fifty thousand rupees. . - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations .....

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