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)
Non compliance with property transfer and surrender obligations triggers penal exposure including imprisonment and fine, with a time bar on proceedings. Non compliance with obligations to transfer, surrender or deliver possession of property as required by the specified income tax provisions attracts criminal liability, including rigorous imprisonment and fine, subject to a statutory minimum term unless the court records special and adequate reasons to the contrary; additionally, initiation of proceedings under this penal provision is barred on or after the specified cutoff date.
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.
Non compliance with property transfer and surrender obligations triggers penal exposure including imprisonment and fine, with a time bar on proceedings.
Non compliance with obligations to transfer, surrender or deliver possession of property as required by the specified income tax provisions attracts criminal liability, including rigorous imprisonment and fine, subject to a statutory minimum term unless the court records special and adequate reasons to the contrary; additionally, initiation of proceedings under this penal provision is barred on or after the specified cutoff date.
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