https://www.taxtmi.com/acts?id=19640 Where an Indian concern required to furnish information or documents under section 285A fails to do so, the prescribed income tax authority may direct a penalty: a sum equal to two percent of the value of the transaction if the transaction directly or indirectly transfers the right of management or control in relation to the Indian concern, or a fixed monetary penalty in other cases. en-us Thu, 07 May 2015 14:26:55 +0530 Sat, 09 May 2015 12:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19640 Where an Indian concern required to furnish information or documents under section 285A fails to do so, the prescribed income tax authority may direct a penalty: a sum equal to two percent of the value of the transaction if the transaction directly or indirectly transfers the right of management or control in relation to the Indian concern, or a fixed monetary penalty in other cases. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 14:26:55 +0530 https://www.taxtmi.com/acts?id=19640