761/CBDT.

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..... 271(1)(i) means that tax payable under demand notice. In a Board's letter No. 284/4/73-IT(Inv) dated the 3rd February, 1973 you were informed that legislative action was contemplated. The Direct Taxes (Amendment) Act, 1974 has since been passed by both houses of parliament and has received the assent of the president on 18th August, 1974. Section 13 of this Act reads as under:- "In section 271 o .....

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