Penalty under section 271GB(4) imposes a fixed statutory penalty for failure to comply with specified IT Act obligations. Penalty under section 271GB(4) prescribes a fixed monetary sanction under the Income Tax framework; the FAQ answer states that the penalty leviable under this provision is Rs. 5,00,000 as a concise reference to the operative sanction for the specified contravention.
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 under section 271GB(4) imposes a fixed statutory penalty for failure to comply with specified IT Act obligations.
Penalty under section 271GB(4) prescribes a fixed monetary sanction under the Income Tax framework; the FAQ answer states that the penalty leviable under this provision is Rs. 5,00,000 as a concise reference to the operative sanction for the specified contravention.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.