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Under section 271(1)(c), the penalty may range over what share of tax evaded?

A10 to 50 percent
B50 to 100 percent
C100 to 300 percent
D200 to 500 percent
Answer & Solution
Correct answer: C. 100 to 300 percent
The penalty can range from 100 to 300 percent of the tax evaded.
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