Amendment to penalty provision narrows temporal scope by adding a prior cutoff, clarifying transitional applicability. The amendment confines the operation of section 271AAA(1) by inserting the words limiting application to events "but before the 1st day of July, 2012" ... Summary
Amendment to penalty provision narrows temporal scope by adding a prior cutoff, clarifying transitional applicability.
The amendment confines the operation of section 271AAA(1) by inserting the words limiting application to events "but before the 1st day of July, 2012" immediately after the existing phrase referring to events "on or after the 1st day of June, 2007", thereby restricting the provision's applicability to a defined interval.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.