Penalty for failure to furnish return suspended prospectively for specified assessment years, altering application of section 271F. The amendment inserts a proviso excluding the operation of section 271F-the penalty for failure to furnish a return of income-in relation to returns required for assessment years commencing on or after 1 April 2018, with effect from that date.
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Provisions expressly mentioned in the judgment/order text.
Penalty for failure to furnish return suspended prospectively for specified assessment years, altering application of section 271F.
The amendment inserts a proviso excluding the operation of section 271F-the penalty for failure to furnish a return of income-in relation to returns required for assessment years commencing on or after 1 April 2018, with effect from that date.
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