Information return obligation: specified entities must furnish prescribed transactional records; defects may be corrected on notice within prescribed period. Specified persons maintaining records of registrations, accounts, periodic returns, transactional details, bank transactions, electricity consumption or transfers and purchases of goods or property must furnish information returns in the prescribed form, manner and period to the prescribed authority. The Commissioner or an authorised officer may notify defects and permit rectification within thirty days or a further allowed period; failure to rectify will render the return treated as not furnished and attract the Act's consequences. Authorities may require furnishing within ninety days by notice.
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.
Information return obligation: specified entities must furnish prescribed transactional records; defects may be corrected on notice within prescribed period.
Specified persons maintaining records of registrations, accounts, periodic returns, transactional details, bank transactions, electricity consumption or transfers and purchases of goods or property must furnish information returns in the prescribed form, manner and period to the prescribed authority. The Commissioner or an authorised officer may notify defects and permit rectification within thirty days or a further allowed period; failure to rectify will render the return treated as not furnished and attract the Act's consequences. Authorities may require furnishing within ninety days by notice.
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