Case Law Details
Case Name : V. Venkata Siva Kumar Vs The Union of India (Madras High Court)
Appeal Number : W.P. No. 9630 of 2017
Date of Judgement/Order : 17/03/2017
Related Assessment Year :
Courts :
All High Courts Madras High Court
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A petition has been filed in the Madras High Court challenging the section 271J of the Income Tax Act inserted vide Finance Act 2017. Madras High Court has admitted the plea and issued notice to Finance Ministry.Section 271J of Income Tax imposed a penalty of Rs. 10,000 on Chartered Accountants for each wrong certification or report.
Madras High Court while accepted the objection filed by The petitioner, Mr. Venkatasiva Kumar, a Chennai based Chartered Accountant and has asked the Finance Ministry and Central Board of Direct Taxes (CBDT) to explain their view within three weeks.
Read Full Text of the Affidavit Filed by CA Venkatasiva Kumar in Madras High Court
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I am with Mr Sivakumar on this 271 J issue.
I support the move.