FB 2018 – S.253 Appeal before Tribunal-proposed amendment should be w.e.f. 01.04.2017 the day when S.271J became effective empowering CIT(A) to impose penalty

FB 2018 – S.253 Appeal before Tribunal-proposed amendment should be w.e.f. 01.04.2017 the day when S.271J became effective empowering CIT(A) to impose penalty https://www.taxtmi.com/article/detailed?id=7860 The Finance Bill, 2018 inserts a reference to section 271J so that orders passed by Commissioner (Appeals) under the penalty for furnishing incorrect information become appealable to the Appellate Tribunal; the Bill makes this amendment effective from 1 April 2018, while it is argued the remedial change should operate from 1 April 2017, the original effective date of the penalty provision. en-us Mon, 05 Feb 2018 06:59:43 +0530 Mon, 05 Feb 2018 06:59:43 +0530 TaxTMI RSS Generator FB 2018 – S.253 Appeal before Tribunal-proposed amendment should be w.e.f. 01.04.2017 the day when S.271J became effective empowering CIT(A) to impose penalty https://www.taxtmi.com/article/detailed?id=7860 The Finance Bill, 2018 inserts a reference to section 271J so that orders passed by Commissioner (Appeals) under the penalty for furnishing incorrect information become appealable to the Appellate Tribunal; the Bill makes this amendment effective from 1 April 2018, while it is argued the remedial change should operate from 1 April 2017, the original effective date of the penalty provision. Articles Budget - Tax Proposals Mon, 05 Feb 2018 06:59:43 +0530 https://www.taxtmi.com/article/detailed?id=7860