Penalty for benefits to related persons: registered non-profits face escalating penalties when income benefits related persons in tax proceedings. A penalty applies to a registered non-profit organisation found in tax proceedings to have specified income chargeable under the Act and to have applied that income for the benefit of a related person; the Assessing Officer may impose a penalty equal to the aggregate amount applied for a first detected violation and an escalated multiple of that aggregate amount for subsequent violations.
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Provisions expressly mentioned in the judgment/order text.
Penalty for benefits to related persons: registered non-profits face escalating penalties when income benefits related persons in tax proceedings.
A penalty applies to a registered non-profit organisation found in tax proceedings to have specified income chargeable under the Act and to have applied that income for the benefit of a related person; the Assessing Officer may impose a penalty equal to the aggregate amount applied for a first detected violation and an escalated multiple of that aggregate amount for subsequent violations.
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