Penalty for failure to furnish statement: daily liability imposed on assessee and e commerce operator for late filing. Where an assessee or e commerce operator fails to furnish the statement within the time prescribed under sub sections (1) or (3) of section 167, a penalty accrues for each day during which the failure continues; the amendment expressly extends liability to e commerce operators in addition to assessees, broadening the scope of the daily penalty obligation.
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 statement: daily liability imposed on assessee and e commerce operator for late filing.
Where an assessee or e commerce operator fails to furnish the statement within the time prescribed under sub sections (1) or (3) of section 167, a penalty accrues for each day during which the failure continues; the amendment expressly extends liability to e commerce operators in addition to assessees, broadening the scope of the daily penalty obligation.
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