Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Section - 4 - Amendment of Section "279"
Amendment of Section "279".4. (XXXIX) in section 279, after sub-section (3), the following sub-sections shall be inserted with effect from the 1st day of November, 2020, namely:-
| - | "(4) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of granting sanction under sub-section (1) or compounding under sub-section (2), so as to impart greater efficiency, transparency and accountability by- |
| (a) | - | eliminating the interface between the income-tax authority and the assessee or any other person to the extent technologically feasible; |
| (b) | - | optimising utilisation of the resources through economies of scale and functional specialisation; |
| (c) | - | .... To read the full section download the app from Google Play store
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)Sri Aurobindo Gnostic Centre of Education New Delhi CA View Details
22 May 2026
U.S. Financial Reporting & Consolidation ManagerKaria Overseas Ahmedabad CA View Details |
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