https://www.taxtmi.com/acts?id=40701 The statutory amendment increases the fixed monetary penalty for a specified default by substituting the prior lower sum with a higher fixed rupee amount in the provision that prescribes penalties for certain defaults under the Income-tax regime; the change modifies only the quantum of the prescribed sanction without changing the description of defaults or procedural provisions for assessment. en-us Mon, 28 Mar 2022 14:31:25 +0530 Mon, 28 Mar 2022 14:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40701 The statutory amendment increases the fixed monetary penalty for a specified default by substituting the prior lower sum with a higher fixed rupee amount in the provision that prescribes penalties for certain defaults under the Income-tax regime; the change modifies only the quantum of the prescribed sanction without changing the description of defaults or procedural provisions for assessment. Act-Rules F. Acts / Amendment Acts Mon, 28 Mar 2022 14:31:25 +0530 https://www.taxtmi.com/acts?id=40701