Penalty u/s.271BA - When the transactions related to the ...

Penalty u/s 271BA Not Applicable for Transactions Under Removed Clause (i) of Section 92BA Post-April 2017.

February 20, 2020

Case Laws Income Tax AT

Penalty u/s.271BA - When the transactions related to the assessee falls under the clause(i) of Section 92BA of the Act, which has already been removed by the Finance Act, 2017 w.e.f. 01.04.2017, therefore, the imposition of penalty u/s.271BA of the Act for failure to furnish the report in prescribed Form No.3CEB in terms of provisions of section 92E of the Act, does not survive at all. - AT

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Penalty u/s.271BA - When the transactions related to the ...

Penalty u/s 271BA Not Applicable for Transactions Under Removed Clause (i) of Section 92BA Post-April 2017.

February 20, 2020

Case Laws Income Tax AT

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