https://www.taxtmi.com/acts?id=43699 The amendment substitutes the provisos to sections 42 and 43 to provide that those penalty provisions shall not apply in respect of an asset or assets (other than immovable property) where the aggregate value of such asset or assets does not exceed twenty lakh rupees, with effect from 1st October, 2024. en-us Tue, 23 Jul 2024 16:32:56 +0530 Tue, 23 Jul 2024 16:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43699 The amendment substitutes the provisos to sections 42 and 43 to provide that those penalty provisions shall not apply in respect of an asset or assets (other than immovable property) where the aggregate value of such asset or assets does not exceed twenty lakh rupees, with effect from 1st October, 2024. Act-Rules Bills Tue, 23 Jul 2024 16:32:56 +0530 https://www.taxtmi.com/acts?id=43699