Penalty for failure to furnish information return may be imposed daily subject to an overall statutory cap. Failure to furnish an information return required under section 150 within the period specified in a notice under subsection (3) exposes the person to a daily penalty directed by the proper officer for each day the default continues, subject to an overall maximum limit.
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 subject to an overall statutory cap.
Failure to furnish an information return required under section 150 within the period specified in a notice under subsection (3) exposes the person to a daily penalty directed by the proper officer for each day the default continues, subject to an overall maximum limit.
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