Commodities transaction tax: failure to comply with a notice can trigger a Rs.10,000 penalty per failure. The assessing officer may direct payment of a penalty of ten thousand rupees for each failure to comply with a notice, in addition to any commodities ... Summary
Commodities transaction tax: failure to comply with a notice can trigger a Rs.10,000 penalty per failure.
The assessing officer may direct payment of a penalty of ten thousand rupees for each failure to comply with a notice, in addition to any commodities transaction tax and interest payable by the assessee.
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