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[Cites 0, Cited by 1] [Section 70] [Entire Act]

Union of India - Subsection

Section 70(2) in Income Tax Rules, 1962

(2)A withdrawal may be permitted-
(a)for any purpose specified in clause (d) or clause (e) of sub-rule (1) of rule 68 notwithstanding that the sum withdrawn earlier for any purpose has not been repaid ;
(b)for any other purpose specified in sub-rule (1) of rule 68 notwithstanding that any sum withdrawn earlier for any purpose specified in clause (d) or clause (e) of the said sub-rule (1) has not been repaid.