Limitation for imposing penalties clarified by removing receipt-by-senior-commissioner reference, simplifying calculation of penalty limitation periods. The provision governing the period of limitation for imposing penalties is amended to omit the reference to receipt of appellate orders by the Principal ... Summary
Limitation for imposing penalties clarified by removing receipt-by-senior-commissioner reference, simplifying calculation of penalty limitation periods.
The provision governing the period of limitation for imposing penalties is amended to omit the reference to receipt of appellate orders by the Principal Chief Commissioner or Chief Commissioner, removing ambiguity in calculating limitation periods arising from appeals; the amendment takes effect from 1 October 2024.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
