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[Cites 0, Cited by 0] [Section 488] [Entire Act]

Union of India - Subsection

Section 488(2) in The Income Tax Act, 2025

(2)Nothing contained in sub-section (1) shall render the karta liable to any punishment, if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence.