False tax account number: quoting a knowingly false tax identifier now attracts a directed penalty by the tax authority. An amendment inserts a provision creating penalty liability where a person required to quote a tax deduction, tax collection, or combined tax account number in specified documents quotes a number that is false and which the person knows or believes to be false or does not believe to be true; the Assessing Officer may direct payment of a monetary penalty. The existing consequential subsection is amended to apply to this new provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
False tax account number: quoting a knowingly false tax identifier now attracts a directed penalty by the tax authority.
An amendment inserts a provision creating penalty liability where a person required to quote a tax deduction, tax collection, or combined tax account number in specified documents quotes a number that is false and which the person knows or believes to be false or does not believe to be true; the Assessing Officer may direct payment of a monetary penalty. The existing consequential subsection is amended to apply to this new provision.
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