Penalty equal to the amount taken or accepted for breach of cash receipt prohibition; imposition authority shifts to Assessing Officer. Acceptance of a loan, deposit or specified sum in contravention of section 269SS attracts a penalty equal to the amount so taken or accepted; the penalty ... Summary
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Penalty equal to the amount taken or accepted for breach of cash receipt prohibition; imposition authority shifts to Assessing Officer.
Acceptance of a loan, deposit or specified sum in contravention of section 269SS attracts a penalty equal to the amount so taken or accepted; the penalty previously imposed by the Joint Commissioner is, from 1 April 2025, to be imposed by the Assessing Officer.
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