Obligation to furnish information returns requires specified persons to submit transaction records, allows defect rectification, and compels filing by notice. Obligation to furnish information returns requires specified persons and authorities to submit prescribed returns containing registration records, account statements and details of transactions, in the form, manner and to the authority prescribed. The Commissioner may intimate defects and allow rectification within thirty days or further time on application; failure to rectify will render the return treated as not furnished. If no return is furnished within the specified time, the authority may issue a notice requiring submission within a period not exceeding ninety days.
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.
Obligation to furnish information returns requires specified persons to submit transaction records, allows defect rectification, and compels filing by notice.
Obligation to furnish information returns requires specified persons and authorities to submit prescribed returns containing registration records, account statements and details of transactions, in the form, manner and to the authority prescribed. The Commissioner may intimate defects and allow rectification within thirty days or further time on application; failure to rectify will render the return treated as not furnished. If no return is furnished within the specified time, the authority may issue a notice requiring submission within a period not exceeding ninety days.
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