Insertion of new sections 271C, 271D and 271E

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..... tions 271C, 271D and 271E. After section 271B of the Income-tax Act, the following sections shall be inserted, namely :- "271C. Penalty for failure to deduct tax at source. If any person fails to .....

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..... , he shall be liable to pay, by way of penalty, a sum equal to the amount of the loan or deposit so taken or accepted. 271E. Penalty for failure to comply with the provisions of section 269T. If a .....

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