Penalty for false accounting: levy authority extended to Commissioner (Appeals), enabling penalties on appellate review. Amendment extends the authority under section 271AAD to levy penalties for false entries or omissions in books of account from the Assessing Officer to ... Summary
Penalty for false accounting: levy authority extended to Commissioner (Appeals), enabling penalties on appellate review.
Amendment extends the authority under section 271AAD to levy penalties for false entries or omissions in books of account from the Assessing Officer to also include the Commissioner (Appeals), by inserting the phrase "or the Commissioner (Appeals)" in sub-sections (1) and (2); effective from 1st April, 2022.
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