https://www.taxtmi.com/acts?id=35036 The amendment replaces criminal-style sanctions with a civil monetary penalty regime: breaches are made liable to a penalty, an initial monetary penalty is prescribed, and a continuing penalty accrues daily for each day of continuing failure up to a specified maximum ceiling, thereby converting imprisonment exposure into graded pecuniary sanctions. en-us Mon, 14 Jan 2019 14:17:57 +0530 Fri, 02 Aug 2019 11:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35036 The amendment replaces criminal-style sanctions with a civil monetary penalty regime: breaches are made liable to a penalty, an initial monetary penalty is prescribed, and a continuing penalty accrues daily for each day of continuing failure up to a specified maximum ceiling, thereby converting imprisonment exposure into graded pecuniary sanctions. Act-Rules F. Acts / Amendment Acts Mon, 14 Jan 2019 14:17:57 +0530 https://www.taxtmi.com/acts?id=35036