https://www.taxtmi.com/acts?id=50052 The provision replaces the prior trigger based on a fixed minimum penalty amount with a threshold tied to the amount of income as determined on assessment by the Income tax Officer; penalties under the subsection arise only where that assessed income in respect of which particulars were concealed or were inaccurate exceeds a specified monetary threshold. en-us Mon, 03 Mar 2025 17:11:31 +0530 Mon, 03 Mar 2025 17:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50052 The provision replaces the prior trigger based on a fixed minimum penalty amount with a threshold tied to the amount of income as determined on assessment by the Income tax Officer; penalties under the subsection arise only where that assessed income in respect of which particulars were concealed or were inaccurate exceeds a specified monetary threshold. Act-Rules F. Acts / Amendment Acts Mon, 03 Mar 2025 17:11:31 +0530 https://www.taxtmi.com/acts?id=50052