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 give notice of discontinuance: tax-linked penalty with minimum threshold up to assessed tax. Section 272 was omitted; formerly it empowered the Income-tax Officer to recover a tax-referenced penalty for failure to give notice of discontinuance, subject to a statutory minimum percentage of tax and capped at the amount of tax subsequently assessed on income of the business or profession up to the date of discontinuance.
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 give notice of discontinuance: tax-linked penalty with minimum threshold up to assessed tax.
Section 272 was omitted; formerly it empowered the Income-tax Officer to recover a tax-referenced penalty for failure to give notice of discontinuance, subject to a statutory minimum percentage of tax and capped at the amount of tax subsequently assessed on income of the business or profession up to the date of discontinuance.
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