Failure to furnish information return may attract a daily penalty imposed by the proper officer, subject to a capped maximum. Failure to furnish an information return required under section 150 within the period specified in the notice under sub section (3) may result in the proper officer directing a daily penalty for each day the failure continues, subject to an overall statutory cap on the total penalty.
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.
Failure to furnish information return may attract a daily penalty imposed by the proper officer, subject to a capped maximum.
Failure to furnish an information return required under section 150 within the period specified in the notice under sub section (3) may result in the proper officer directing a daily penalty for each day the failure continues, subject to an overall statutory cap on the total penalty.
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