Information return obligation requires specified entities to file prescribed transactional records and rectify defects or face non-submission treatment. Specified entities maintaining registration, account, tax, transaction or consumption records under any law must furnish information returns in the prescribed form, manner (including electronic) and time to the prescribed authority. The authority may notify defects and allow rectification within a limited period, and treat unrectified returns as not submitted; it may also serve notice requiring submission where returns are not furnished within the prescribed time.
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.
Information return obligation requires specified entities to file prescribed transactional records and rectify defects or face non-submission treatment.
Specified entities maintaining registration, account, tax, transaction or consumption records under any law must furnish information returns in the prescribed form, manner (including electronic) and time to the prescribed authority. The authority may notify defects and allow rectification within a limited period, and treat unrectified returns as not submitted; it may also serve notice requiring submission where returns are not furnished within the prescribed time.
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