https://www.taxtmi.com/acts?id=50735 The substituted section 272A prescribes monetary penalties for failures to cooperate with tax proceedings: sub-section (1) imposes per-default penalties for refusal to answer questions, sign statements, or comply with summonses or section 139A; sub-section (2) imposes daily penalties for failures to comply with specified notices, filing and registration inspections, return and declaration obligations, certificate and tax deduction duties; sub-section (3) allocates which rank of income-tax authority may impose penalties; sub-section (4) mandates an opportunity to be heard, and the section defines "income-tax authority" to include specified tax officials exercising Code of Civil Procedure powers under section 131(1). en-us Mon, 14 Apr 2025 18:17:15 +0530 Thu, 07 Aug 2025 18:02:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50735 The substituted section 272A prescribes monetary penalties for failures to cooperate with tax proceedings: sub-section (1) imposes per-default penalties for refusal to answer questions, sign statements, or comply with summonses or section 139A; sub-section (2) imposes daily penalties for failures to comply with specified notices, filing and registration inspections, return and declaration obligations, certificate and tax deduction duties; sub-section (3) allocates which rank of income-tax authority may impose penalties; sub-section (4) mandates an opportunity to be heard, and the section defines "income-tax authority" to include specified tax officials exercising Code of Civil Procedure powers under section 131(1). Act-Rules F. Acts / Amendment Acts Mon, 14 Apr 2025 18:17:15 +0530 https://www.taxtmi.com/acts?id=50735