Section 107 - Amendment of section 271A - Direct Tax Laws (Amendment) Act, 1987

107. Amendment of section 271A. In section 271A of the Income-tax Act, for the words a sum which shall not be less than ten per cent. but which shall not exceed fifty per cent. of the amount of tax, if any, which would have been avoided if the income returned by such person had been accepted as the correct income , the words a sum which shall not be less than two thousand rupees but which may extend to one hundred thousand rupees shall be substituted.