Penalty imposition authority shifted to Assessing Officer, replacing Joint Commissioner for statutory tax penalties. Clause 81 of the Finance Bill, 2025 inserts a proviso in sub-section (2) of section 271DB so that any penalty under sub-section (1) on or after 1st April, 2025 shall be imposed by the Assessing Officer instead of the Joint Commissioner, subject to the proviso's reference to sub-section (2) of section 274. The amendment relates to penalties for failure to comply with the obligation under section 269SU.
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Penalty imposition authority shifted to Assessing Officer, replacing Joint Commissioner for statutory tax penalties.
Clause 81 of the Finance Bill, 2025 inserts a proviso in sub-section (2) of section 271DB so that any penalty under sub-section (1) on or after 1st April, 2025 shall be imposed by the Assessing Officer instead of the Joint Commissioner, subject to the proviso's reference to sub-section (2) of section 274. The amendment relates to penalties for failure to comply with the obligation under section 269SU.
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