Failure to furnish Country-by-Country Report may trigger penalty for reporting entities under the Income Tax Act. A parent or alternate reporting entity resident in India must furnish a Country-by-Country Report for its international group in the prescribed form; failure to furnish the report in Form 3CEAD constitutes non-compliance with the statutory filing obligation and may attract the statutory penalty for non-filing.
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.
Failure to furnish Country-by-Country Report may trigger penalty for reporting entities under the Income Tax Act.
A parent or alternate reporting entity resident in India must furnish a Country-by-Country Report for its international group in the prescribed form; failure to furnish the report in Form 3CEAD constitutes non-compliance with the statutory filing obligation and may attract the statutory penalty for non-filing.
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