Penalty under section 271B increased, raising the specified penalty amount with effect from April 2011. Amendment increases the penalty specified in section 271B of the Income-tax Act by substituting the earlier prescribed sum with a higher prescribed sum, ... Summary
Penalty under section 271B increased, raising the specified penalty amount with effect from April 2011.
Amendment increases the penalty specified in section 271B of the Income-tax Act by substituting the earlier prescribed sum with a higher prescribed sum, with the substitution taking effect from the commencement date stated in the enactment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.