https://www.taxtmi.com/acts?id=32953 The amendment replaces the prior wording to provide that penalties shall not be less than five lakh rupees but may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher, thereby creating a minimum sanction while preserving the existing maximum and profit based multiplier. en-us Fri, 23 Nov 2018 12:42:44 +0530 Fri, 23 Nov 2018 12:45:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32953 The amendment replaces the prior wording to provide that penalties shall not be less than five lakh rupees but may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher, thereby creating a minimum sanction while preserving the existing maximum and profit based multiplier. Act-Rules F. Acts / Amendment Acts Fri, 23 Nov 2018 12:42:44 +0530 https://www.taxtmi.com/acts?id=32953