https://www.taxtmi.com/acts?id=51992 Penalty provision for failure to furnish a report from an accountant required under section 172 was originally placed in section 447 of the Income-tax Act, 2025. The provision authorised the Assessing Officer to impose a penalty on a person who failed to furnish the prescribed accountant's report. The section was later omitted by the Finance Act, 2026, with effect from 01-04-2026, and the note records that it stood deleted before it was read in its earlier form. en-us Thu, 14 Aug 2025 18:29:05 +0530 Mon, 06 Apr 2026 14:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51992 Penalty provision for failure to furnish a report from an accountant required under section 172 was originally placed in section 447 of the Income-tax Act, 2025. The provision authorised the Assessing Officer to impose a penalty on a person who failed to furnish the prescribed accountant's report. The section was later omitted by the Finance Act, 2026, with effect from 01-04-2026, and the note records that it stood deleted before it was read in its earlier form. Act-Rules Income Tax Thu, 14 Aug 2025 18:29:05 +0530 https://www.taxtmi.com/acts?id=51992