https://www.taxtmi.com/acts?id=24850 A penalty applies where any sum is received in contravention of section 269ST: the recipient is liable to pay a penalty equal to the amount of such receipt, unless the recipient proves good and sufficient reasons for the contravention. The provision assigns authority to impose the penalty to the Joint Commissioner, with a statutory change providing that on and after the specified operative date the Assessing Officer shall impose the penalty. en-us Mon, 10 Apr 2017 11:33:12 +0530 Tue, 05 Aug 2025 16:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24850 A penalty applies where any sum is received in contravention of section 269ST: the recipient is liable to pay a penalty equal to the amount of such receipt, unless the recipient proves good and sufficient reasons for the contravention. The provision assigns authority to impose the penalty to the Joint Commissioner, with a statutory change providing that on and after the specified operative date the Assessing Officer shall impose the penalty. Act-Rules Income Tax Mon, 10 Apr 2017 11:33:12 +0530 https://www.taxtmi.com/acts?id=24850