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)
Failure to subscribe to eligible capital issues may attract a penalty directed by the Joint Commissioner for non compliance. Failure to subscribe to an eligible issue of capital within the prescribed six month period permits the Joint Commissioner to direct payment by way of penalty assessed against the unsubscribed amount, creating an administrative enforcement mechanism tying a time bound subscription obligation to a financial sanction.
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 subscribe to eligible capital issues may attract a penalty directed by the Joint Commissioner for non compliance.
Failure to subscribe to an eligible issue of capital within the prescribed six month period permits the Joint Commissioner to direct payment by way of penalty assessed against the unsubscribed amount, creating an administrative enforcement mechanism tying a time bound subscription obligation to a financial sanction.
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