General penalty applies where no specific sanction exists; contravention attracts a prescribed monetary penalty under the Act. A general penalty provision states that any person who contravenes any provision of the Act or rules made thereunder, for which no separate penalty is ... Summary
General penalty applies where no specific sanction exists; contravention attracts a prescribed monetary penalty under the Act.
A general penalty provision states that any person who contravenes any provision of the Act or rules made thereunder, for which no separate penalty is provided, shall be liable to a penalty that may extend to twenty five thousand rupees.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
