Tax Penalty u/s 271I Deleted: Retrospective Effect of Curative Amendments Confirmed by CIT(A) Decision.

Penalty u/s 271I - Penalty for failure to furnish information or furnishing inaccurate information u/s 195 - The amendment though came into effect from 16th December 2015, but it is a settled law that if a statute is curative or merely declaratory of the previous law, retrospective operation is generally intended. - Order of CIT(A) deleting the penalty sustained - AT .....

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