Penalty parity for firms: registered firms treated as unregistered firms for penalty computation under the amended provision. Where the person liable to penalty is a registered firm, or an unregistered firm assessed under the firm-assessment provision, the penalty payable under section 273(2) shall be the same amount as would be imposable on that firm if it were an unregistered firm, notwithstanding other provisions of the Act.
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 parity for firms: registered firms treated as unregistered firms for penalty computation under the amended provision.
Where the person liable to penalty is a registered firm, or an unregistered firm assessed under the firm-assessment provision, the penalty payable under section 273(2) shall be the same amount as would be imposable on that firm if it were an unregistered firm, notwithstanding other provisions of the Act.
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