Amendment of section 274.

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..... ter 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 jurisdic .....

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..... g 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 1 st April, 2020. - statute, statutory provisions legislation, law, e .....

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