Insertion of new section 271DB.

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..... After section 271DA of the Income-tax Act, the following section shall be inserted with effect from the 1st day of November, 2019, namely:- Penalty for failure to comply with provisions of .....

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..... mposable if such person proves that there were good and sufficient reasons for such failure. (2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner of Inco .....

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