Insertion of new section 23GA- Penalty for failure to conduct business in accordance with rules, etc.

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..... ACT, 1956 - Finance Act, 2018 - Act-Rules - Insertion of new section 23GA. 152 . After section 23G of the principal Act, the following section shall be inserted, namely:- Penalty for failure to cond .....

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..... ing corporations, as the case may be, shall be liable to penalty which shall not be less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made .....

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