Penalty structure revised to require a minimum fine and allow daily fines capped by an overall maximum. The amendment to section 19E rephrases the penalty provision to require a penalty that shall not be less than a specified minimum, allows imposition of penalties on a per-day basis during the continuance of the failure, and subjects the aggregate of those daily penalties to a maximum statutory cap, thereby establishing both a mandatory floor and an overall ceiling for sanctions under the provision.
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 structure revised to require a minimum fine and allow daily fines capped by an overall maximum.
The amendment to section 19E rephrases the penalty provision to require a penalty that shall not be less than a specified minimum, allows imposition of penalties on a per-day basis during the continuance of the failure, and subjects the aggregate of those daily penalties to a maximum statutory cap, thereby establishing both a mandatory floor and an overall ceiling for sanctions under the provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
