Penalty for specified defaults under income tax applies to failures in furnishing returns, statements, certificates and inspections. A penalty under Section 272A(2) applies to any person committing specified defaults concerning statutory information and compliance obligations, including failure to furnish information or returns, refusal to allow inspection or copies of registers, failure to issue TDS/TCS certificates or deliver prescribed declarations, failure to deduct tax as directed, and failure to submit required periodic statements by persons engaged in specified activities.
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 for specified defaults under income tax applies to failures in furnishing returns, statements, certificates and inspections.
A penalty under Section 272A(2) applies to any person committing specified defaults concerning statutory information and compliance obligations, including failure to furnish information or returns, refusal to allow inspection or copies of registers, failure to issue TDS/TCS certificates or deliver prescribed declarations, failure to deduct tax as directed, and failure to submit required periodic statements by persons engaged in specified activities.
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