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FB 2018 – S.253 Appeal before Tribunal-proposed amendment should be w.e.f. 01.04.2017 the day when S.271J became effective empowering CIT(A) to impose penalty

Budget - By: - CA DEV KUMAR KOTHARI - Dated:- 5-2-2018 - Relevant links and references: Section 271J - Penalty for furnishing incorrect information in report or certificate Levy of penalty: Penalty for furnishing incorrect information in report or ce .....

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by AO. However, in some cases like s.271J, penalty can also be levied by CIT(A). Appeal against order of CIT(A) is to be filed before a higher forum that is Tribunal. In provision so S. 253 appealable orders of CIT(A) are also mentioned. S. 271 J wa .....

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n is being rectified by amendment. However, the amendment is proposed to be made effective from 01.04 2018 As this amendment is to remove omission, it is desirable that the amendment should also be specifically made applicable from 01.04.2017 to remo .....

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sub-section (1), in clause (a), after the word, figures and letter section 271A , the word, figures and letter , section 271J shall be inserted. From Notes on clauses: Clause 50 of the Bill seeks to amend section 253 of the Income-tax Act relating to .....

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