Penalty imposition under section 271CA now to be made by Assessing Officer rather than Joint Commissioner, subject to procedural limits. The amendment provides that penalties for failure to collect tax at source under section 271CA(1) shall, on and after 1st April, 2025, be imposed by the Assessing Officer instead of the Joint Commissioner, subject to the procedural limits in the related provision of section 274(2).
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Penalty imposition under section 271CA now to be made by Assessing Officer rather than Joint Commissioner, subject to procedural limits.
The amendment provides that penalties for failure to collect tax at source under section 271CA(1) shall, on and after 1st April, 2025, be imposed by the Assessing Officer instead of the Joint Commissioner, subject to the procedural limits in the related provision of section 274(2).
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