Penalty provision scope broadened: inclusion of 'loan or deposit' extends penalty applicability to loans under the tax provision. The amendment substitutes the word 'deposit' with 'loan or deposit' in the operative clause of the penalty subsection, thereby bringing loans within the same penalty framework previously applicable only to deposits; the substitution operates prospectively from the statutory effective date specified in the amendment.
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 provision scope broadened: inclusion of "loan or deposit" extends penalty applicability to loans under the tax provision.
The amendment substitutes the word "deposit" with "loan or deposit" in the operative clause of the penalty subsection, thereby bringing loans within the same penalty framework previously applicable only to deposits; the substitution operates prospectively from the statutory effective date specified in the amendment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.