https://www.taxtmi.com/highlights?id=71242 Penalty u/s 271-I - Assessee has not furnished / provided information fully related to section 195 before the AO - The amendment though came into effect from 16th December 2015, but it is a settled law that if a statute is curative or merely declaratory of the previous law, retrospective operation is generally intended. - AT en-us Tue, 01 Aug 2023 10:46:46 +0530 Tue, 01 Aug 2023 10:46:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71242 Penalty u/s 271-I - Assessee has not furnished / provided information fully related to section 195 before the AO - The amendment though came into effect from 16th December 2015, but it is a settled law that if a statute is curative or merely declaratory of the previous law, retrospective operation is generally intended. - AT Highlights Income Tax Tue, 01 Aug 2023 10:46:46 +0530 https://www.taxtmi.com/highlights?id=71242