Contravention of restraint order attracts imprisonment and mandatory fine under the proposed Direct Taxes Code. Contravention of a restraint order under the proposed Direct Taxes Code is made a penal offence punishable by rigorous imprisonment for a term which may ... Summary
Contravention of restraint order attracts imprisonment and mandatory fine under the proposed Direct Taxes Code.
Contravention of a restraint order under the proposed Direct Taxes Code is made a penal offence punishable by rigorous imprisonment for a term which may extend to two years and by a monetary penalty prescribed to fall within a specified range; the provision thus imposes both custodial and pecuniary sanctions for breach of restraint orders.
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