https://www.taxtmi.com/acts?id=21230 A reference to section 270A is inserted into the penalty provision's sub section (1), its Explanation, and sub section (2)(b) to align penalty impositions with the adjustment mechanism. A new sub section (4A) requires the Principal Commissioner or Commissioner to pass an order accepting or rejecting applications under sub section (4) within twelve months from the end of the month of receipt, prohibits rejection without an opportunity of being heard, and provides a specified deadline for pending applications as a transitional measure. en-us Fri, 06 May 2016 16:57:44 +0530 Fri, 06 May 2016 16:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21230 A reference to section 270A is inserted into the penalty provision's sub section (1), its Explanation, and sub section (2)(b) to align penalty impositions with the adjustment mechanism. A new sub section (4A) requires the Principal Commissioner or Commissioner to pass an order accepting or rejecting applications under sub section (4) within twelve months from the end of the month of receipt, prohibits rejection without an opportunity of being heard, and provides a specified deadline for pending applications as a transitional measure. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:57:44 +0530 https://www.taxtmi.com/acts?id=21230