Anti-profiteering Penalty Provision not in existence till 31.12.2019: NAA

Deepak Kumar Khurana Vs Sattva Developers Pvt. Ltd. (NAA)

Section 112 of the Finance Act, 2019 specific penalty provisions have been added for violation of the provisions of Section 171(1) which have come in to force w.e.f. 01.01.2020, by inserting Section 171(3A).

Since no penalty provisions were in existence between the period w.e.f. 01.07.2017 to 31.08.2018 when the Respondent had violated the provisions of Section 171(1), the penalty prescribed under Please become a Premium member. If you are already a Premium member, login here to access the full content.