Penalty under Section 221: discretionary imposition by the Assessing Officer, capped at tax in arrears. The amount of penalty is at the discretion of the Assessing Officer but is subject to a statutory ceiling and cannot exceed the maximum limit of tax in ... Summary
Penalty under Section 221: discretionary imposition by the Assessing Officer, capped at tax in arrears.
The amount of penalty is at the discretion of the Assessing Officer but is subject to a statutory ceiling and cannot exceed the maximum limit of tax in arrears.
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