Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Failure to Produce Documents Under Clause 243 May Lead to Imprisonment or Daily Fines Under Section 150(2)</h1> Clause 243 of the Direct Taxes Code, 2010, addresses the consequences for individuals who willfully fail to produce required accounts and documents by the specified date in a notice under section 150(2). Such failure may result in rigorous imprisonment for up to one year, a fine ranging from fifty to one hundred rupees per day of continued default, or both penalties.
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