Section 271D penalty imposition shifted to Assessing Officer replacing Joint Commissioner under Income Tax law from specified effective date. An amendment inserts a proviso in sub-section (2) of section 271D so that penalties under sub-section (1) shall, on and after the stated commencement ... Summary
Section 271D penalty imposition shifted to Assessing Officer replacing Joint Commissioner under Income Tax law from specified effective date.
An amendment inserts a proviso in sub-section (2) of section 271D so that penalties under sub-section (1) shall, on and after the stated commencement date, be imposed by the Assessing Officer instead of the Joint Commissioner, subject to the proviso in sub-section (2) of section 274.
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