Amendment of Act 42 of 1999- Power to recover arrears of penalty

Amendment of Act 42 of 1999- Power to recover arrears of penalty https://www.taxtmi.com/acts?id=20634 A new provision authorises the Adjudicating Authority to empower an Enforcement officer of at least Assistant Director rank to recover unpaid penalty arrears after the prescribed payment period; that officer will exercise powers analogous to income-tax authorities and the Income-tax Act Second Schedule procedure will apply mutatis mutandis to recovery of penalty arrears under the Foreign Exchange Management Act. en-us Mon, 29 Feb 2016 19:16:51 +0530 Mon, 29 Feb 2016 19:16:51 +0530 TaxTMI RSS Generator Amendment of Act 42 of 1999- Power to recover arrears of penalty https://www.taxtmi.com/acts?id=20634 A new provision authorises the Adjudicating Authority to empower an Enforcement officer of at least Assistant Director rank to recover unpaid penalty arrears after the prescribed payment period; that officer will exercise powers analogous to income-tax authorities and the Income-tax Act Second Schedule procedure will apply mutatis mutandis to recovery of penalty arrears under the Foreign Exchange Management Act. Act-Rules Bills Mon, 29 Feb 2016 19:16:51 +0530 https://www.taxtmi.com/acts?id=20634