Amendment status not verified — confirm the current text below against the official source.
In section 185 of the principal Act,— (1) in clause (d),— (a) for the words “non-filing of a return”, the words, figures and letter “non- filing of the return under section 182A” shall be substituted; (b) for the words “wilful suppression of facts”, the words, figures and letter “wilful suppression of facts in the return under section 182A” shall be substituted; (2) after clause (d), the following explanation shall be inserted:— ‘Explanation.— For avoidance of doubt, the expression “thirty per cent. of the difference in property tax arising from, giving wrong information or wilful suppression of facts” it is clarified that in case of wrong information and wilful suppression of facts in the return of ‘self-assessment, if property tax. subject to provision contained in section 171A, comes to rupees one thousand in place of actual property tax amounting to rupees one thousand two hundred (had wrong information not been given and/or the facts had not been wilfully suppressed) on the basis of fresh valuation made after final publication of the scheme, a penalty at the rate of thirty per cent., shall be imposed on rupees two hundred.’.