Penalty referral criteria expanded for high-value section 271AAD penalties, enabling elevated scrutiny under amended section 281B. Amendment expands section 281B to require referral to the higher-level authority for imposition of penalties under the special penalty provision where the aggregate penalty likely to be imposed exceeds a high statutory threshold, treating such proposed penalties as equivalent to escaped assessments for purposes of procedural escalation and review.
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Provisions expressly mentioned in the judgment/order text.
Penalty referral criteria expanded for high-value section 271AAD penalties, enabling elevated scrutiny under amended section 281B.
Amendment expands section 281B to require referral to the higher-level authority for imposition of penalties under the special penalty provision where the aggregate penalty likely to be imposed exceeds a high statutory threshold, treating such proposed penalties as equivalent to escaped assessments for purposes of procedural escalation and review.
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