https://www.taxtmi.com/manuals?id=7969 Penalty under section 271GC may be imposed where a person required to furnish a statement under section 285 fails to do so within the prescribed period; the Assessing Officer may impose a per day penalty for delays within the initial short period or a higher fixed penalty in other cases. en-us Fri, 29 Aug 2025 14:41:08 +0530 Fri, 29 Aug 2025 14:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7969 Penalty under section 271GC may be imposed where a person required to furnish a statement under section 285 fails to do so within the prescribed period; the Assessing Officer may impose a per day penalty for delays within the initial short period or a higher fixed penalty in other cases. Manuals Income Tax Fri, 29 Aug 2025 14:41:08 +0530 https://www.taxtmi.com/manuals?id=7969