Penalty under Section 271BB: failure to subscribe to units issued under the scheme can attract a penalty. Penalty under Section 271BB applies where a taxpayer fails to subscribe any amount to units issued under the scheme referred to in Section 88A(1); that ... Summary
Penalty under Section 271BB: failure to subscribe to units issued under the scheme can attract a penalty.
Penalty under Section 271BB applies where a taxpayer fails to subscribe any amount to units issued under the scheme referred to in Section 88A(1); that reference has been omitted with effect from the stated assessment year.
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