Section 271BB Omitted and Penalty Powers Shift to Assessing Officers in 2025

Last updated: 04 February 2025 Follow on Google News

Certain penalties to be imposed by the Assessing Officer Sections 271C, 271CA, 271D, 271DA, 271DB and 271E of the Act, inter-alia, providethat penalty under these sections shall be imposed by the Joint Commissioner. Though,assessment in such cases were being made by the Assessing Officer, penalty u

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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