Penalty protection: non-levy provision extended to cover failures to furnish investment fund information and related disclosures. Amendment broadens section 273B's non levy rule to include proposed section 271FAB (penalty for failure to furnish statement or information by an eligible investment fund) and proposed section 271GA (penalty for failure to furnish information or document under section 285A), and inserts reference to new section 271 I, thereby extending the reasonable cause protection against penalties to these defaults.
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Provisions expressly mentioned in the judgment/order text.
Penalty protection: non-levy provision extended to cover failures to furnish investment fund information and related disclosures.
Amendment broadens section 273B's non levy rule to include proposed section 271FAB (penalty for failure to furnish statement or information by an eligible investment fund) and proposed section 271GA (penalty for failure to furnish information or document under section 285A), and inserts reference to new section 271 I, thereby extending the reasonable cause protection against penalties to these defaults.
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