Insertion of new section 272B

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....llowing section shall be inserted with effect from the 1st day of June, 2002, namely:- "272B. Penalty for failure to comply with the provisions of section 139A- (1) If a person fails to comply with t....

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.... is false, and which he either knows or believes to be false or does not believe to be true, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupee....