Continuing failure penalty: additional periodic penalties may be levied subject to an overall statutory cap. The amendment authorises the Wealth-tax Officer to direct further penalty amounts from time to time for continuing failures, while ensuring the total aggregate penalty remains subject to a statutory ceiling.
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.
Continuing failure penalty: additional periodic penalties may be levied subject to an overall statutory cap.
The amendment authorises the Wealth-tax Officer to direct further penalty amounts from time to time for continuing failures, while ensuring the total aggregate penalty remains subject to a statutory ceiling.
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