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        F. Acts / Amendment Acts

        Section 87 - Amendment of section 271A

        Finance Act, 2001
        Chapter III
        DIRECT TAXES
        INCOME-TAX

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        Penalty under section 271A fixed as a single prescribed sum replacing the previous range, altering tax penalty treatment. Amendment fixes the monetary sanction under section 271A by substituting the prior variable penalty range with a single prescribed sum of twenty-five thousand rupees, effective from the 1st day of June, 2001.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Penalty under section 271A fixed as a single prescribed sum replacing the previous range, altering tax penalty treatment.

                                Amendment fixes the monetary sanction under section 271A by substituting the prior variable penalty range with a single prescribed sum of twenty-five thousand rupees, effective from the 1st day of June, 2001.


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