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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Penalty u/s 271-I - Assessee has not furnished / provided ...

Case Laws     Income Tax

August 1, 2023

Penalty u/s 271-I - Assessee has not furnished / provided information fully related to section 195 before the AO - 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. - AT

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