Penalty for failure to furnish information return: daily fine may be directed after notice, subject to a statutory cap. Failure to furnish an information return after the period specified in the notice under the relevant subsection permits the proper officer to direct imposition of a daily penalty for each day the failure continues, subject to a maximum aggregate 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: daily fine may be directed after notice, subject to a statutory cap.
Failure to furnish an information return after the period specified in the notice under the relevant subsection permits the proper officer to direct imposition of a daily penalty for each day the failure continues, subject to a maximum aggregate limit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.