Substitution of new section for section 271AA.

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..... For section 271AA of the Income-tax Act, the following section shall be substituted with effect from the 1st day of July, 2012, namely: "271AA. Penalty for failure to keep and maintain inf .....

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..... ction which he is required to do so; or ( iii ) maintains or furnishes an incorrect information or document, the Assessing Officer or Commissioner (Appeals) may direct that such per .....

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