Amendment of section 276C.

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..... housand rupees shall be substituted; (b) in clause (ii), for the words three years , the words two years shall be substituted; (ii) in sub-section (2), for the words three years , the words two years shall be substituted. - Clause 101 of the Bill seeks to amend section 276C of the Income-tax Act relating to wilful attempt to evade tax, etc. The existin .....

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..... vaded from one hundred thousand rupees to twenty-five hundred thousand rupees and to reduce the maximum imprisonment from three years to two years. The existing provisions of sub-section (2) of the aforesaid section provides that if a person wilfully attempts in any manner whatsoever to evade the payment of any tax, penalty or interest under the Act, he shall, without prejudice to any penalty t .....

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