Penalty for failure to furnish statements: assessing officer may impose penalties on research institutions and funds for non-delivery. The provision authorises the Assessing Officer to impose a penalty where research associations, universities, colleges and similar institutions fail to ... Summary
Penalty for failure to furnish statements: assessing officer may impose penalties on research institutions and funds for non-delivery.
The provision authorises the Assessing Officer to impose a penalty where research associations, universities, colleges and similar institutions fail to deliver or furnish prescribed documents under the relevant provision, and where institutions or funds fail to deliver required statements within the prescribed time or fail to furnish prescribed certificates related to reporting obligations.
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