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[Cites 0, Cited by 7] [Section 270A] [Entire Act]

Union of India - Subsection

Section 270A(8) in The Income Tax Act, 1961

(8)Notwithstanding anything contained in sub-section (6) or sub-section (7), where under-reported income is in consequence of any misreporting thereof by any person, the penalty referred to in sub-section (1) shall be equal to two hundred per cent of the amount of tax payable on under-reported income.