https://www.taxtmi.com/acts?id=8680 Where an amount is added or disallowed in computing net wealth in an assessment or reassessment and the order contains a direction to initiate penalty proceedings under clause (c) of sub section (1), that assessment or reassessment order is deemed to constitute satisfaction of the Assessing Officer for initiation of those penalty proceedings; the provision is given retrospective effect from the stated operative date. en-us Thu, 01 May 2008 18:30:54 +0530 Fri, 02 May 2008 09:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8680 Where an amount is added or disallowed in computing net wealth in an assessment or reassessment and the order contains a direction to initiate penalty proceedings under clause (c) of sub section (1), that assessment or reassessment order is deemed to constitute satisfaction of the Assessing Officer for initiation of those penalty proceedings; the provision is given retrospective effect from the stated operative date. Act-Rules F. Acts / Amendment Acts Thu, 01 May 2008 18:30:54 +0530 https://www.taxtmi.com/acts?id=8680