Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Penalty for failure to furnish transfer pricing report: statutory fixed penalty may be imposed for non-submission of accountant's report. If a person fails to furnish the accountant's report required by section 92E, the Assessing Officer may direct that the person pay a specified monetary penalty as a sanction for non-submission of the transfer pricing/accountant's report under the Income-tax Act.
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 transfer pricing report: statutory fixed penalty may be imposed for non-submission of accountant's report.
If a person fails to furnish the accountant's report required by section 92E, the Assessing Officer may direct that the person pay a specified monetary penalty as a sanction for non-submission of the transfer pricing/accountant's report under the Income-tax Act.
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