Amendment of section 274.

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..... so as to impart greater efficiency, transparency and accountability by- (a) eliminating the interface between the Assessing Officer and the assessee in the course of proceedings to the extent technologically feasible; (b) optimising utilisation of the resources through economies of scale and functional specialisation; (c) introducing a mechanism for imposing of penalty with dynamic jurisdict .....

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..... ting to procedure. It is proposed to insert sub-sections (2A), (2B) and (2C) in the said section so as to, inter alia, provide for a scheme, by notification in the Official Gazette, for imposing penalty under Chapter XXI of the Act to impart greater efficiency, transparency and accountability. This amendment will take effect from 1st April, 2020.
Statute, statutory provisions legislation, law .....

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