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 equal to the amount taken or accepted for breach of cash receipt prohibition; imposition authority shifts to Assessing Officer. Acceptance of a loan, deposit or specified sum in contravention of section 269SS attracts a penalty equal to the amount so taken or accepted; the penalty previously imposed by the Joint Commissioner is, from 1 April 2025, to be imposed by the Assessing Officer.
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 equal to the amount taken or accepted for breach of cash receipt prohibition; imposition authority shifts to Assessing Officer.
Acceptance of a loan, deposit or specified sum in contravention of section 269SS attracts a penalty equal to the amount so taken or accepted; the penalty previously imposed by the Joint Commissioner is, from 1 April 2025, to be imposed by the Assessing Officer.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.