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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 273AA. - power of Principal Commissioner ...


Section 273AA Amended: Commissioners Now Have 12 Months to Decide on Immunity from Penalties Applications.

March 2, 2016

Act Rules     Bill

Amendment of section 273AA. - power of Principal Commissioner or Commissioner to grant immunity from penalty. - an order accepting or rejecting the application of an assessee shall be passed by the concerned Principal Commissioner or Commissioner within a period of twelve months from the end of the month in which such application is received.

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