https://www.taxtmi.com/highlights?id=27702 Amendment of section 273A. - power to reduce or waive penalty, etc., in certain cases. - It is proposed to make a reference of section 270A in clause (ii) and in the Explanation to sub-section (1) and in clause (b) of subsection (2) of section 273A, owing to insertion of a new section 270A which provides for levy of penalty for under-reporting or misreporting of income and ceasing of operation of section 271, for the assessment year commencing on or after 1st April, 2017. en-us Wed, 02 Mar 2016 22:19:43 +0530 Wed, 02 Mar 2016 22:19:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27702 Amendment of section 273A. - power to reduce or waive penalty, etc., in certain cases. - It is proposed to make a reference of section 270A in clause (ii) and in the Explanation to sub-section (1) and in clause (b) of subsection (2) of section 273A, owing to insertion of a new section 270A which provides for levy of penalty for under-reporting or misreporting of income and ceasing of operation of section 271, for the assessment year commencing on or after 1st April, 2017. Highlights Bill Wed, 02 Mar 2016 22:19:43 +0530 https://www.taxtmi.com/highlights?id=27702