Penalty for failure to comply with notice
Section 126 of the Finance Act, 2013 deals with penalty for failure to comply with notice. Penalty for failure to comply with notice.
Penalty for failure to comply with notice.
126. If the Assessing Officer in the course of any proceedings under this Chapter is satisfied that the assessee has failed to comply with a notice under sub-section (1) of section 111, he may direct that such assessee shall pay, by way of penalty, in addition to any commodities transaction tax and interest, if any, payable by him, a sum of ten thousand rupees for each such failure.
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Section 126, The Finance Act, 2013.
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Questions about Section 126
What does Section 126 of the Finance Act deal with?
Section 126 of the Finance Act is headed "Penalty for failure to comply with notice". Penalty for failure to comply with notice.
How do I find court cases under Section 126 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2013 126, section 126 Finance Act 2013, section 126 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 126 of the Finance Act, and has it changed?
Its own text turns on section 111 (Failure to make true declaration), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2013. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7233 words
- 2. Income-tax3208 words
- 26. Insertion of new Chapter X-A1952 words
- 103. Amendment of Act 32 of 19941412 words
- 5. Amendment of section 101253 words
- 39. Insertion of new section 144BA1225 words
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