Chapter II A - Indicating amount of duty in the price of goods, etc., for purpose of refund and crediting certain amounts to the fund (From Section 12A to Section 12D)
Penalty for failure to furnish information return may be imposed daily by the prescribed authority after statutory notice period. If a person required to furnish an information return under section 15A fails to do so within the period specified in the notice, the prescribed authority may direct payment of a penalty calculated on a per day basis for the period during which the failure continues.
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.
Penalty for failure to furnish information return may be imposed daily by the prescribed authority after statutory notice period.
If a person required to furnish an information return under section 15A fails to do so within the period specified in the notice, the prescribed authority may direct payment of a penalty calculated on a per day basis for the period during which the failure continues.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.