Amendment status not verified — confirm the current text below against the official source.
In section 51 of the Principal Act,— section 51. (i) for sub-section (3), the following sub-section shall be substituted, namely:— “(3) A certificate of tax deduction at source shall be issued in such form and in such manner as may be prescribed.”; (ii) sub-section (4) shall be omitted. Scanned with CamScanner -3- 9, In section 122 of the Principal Act, after sub-section (1), the following sub-section shall be inserted, namely:— “(LA) Any person who retains the benefit of a transaction covered under clauses (i), (ii), (vii) or clause (ix) of sub-section (1) and at whose instance such transaction is conducted, shall be liable to a penalty of an amount equivalent to the tax evaded or input tax credit availed of or passed on.”.