Recovery of competition penalty via income-tax authority permits treating penalties as tax due for enforced collection. The Commission may, where it records reasons in writing and deems it expedient, refer a monetary penalty to the Income-tax authority using Form V so that ... Summary
Recovery of competition penalty via income-tax authority permits treating penalties as tax due for enforced collection.
The Commission may, where it records reasons in writing and deems it expedient, refer a monetary penalty to the Income-tax authority using Form V so that the penalty is treated as tax due under the Income-tax law and recovered through the Income-tax authority's recovery mechanisms.
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