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Plea in Madras HC on Penalty on CAs for Filing Wrong Information- Section 271J
Case Law Details
- Case Name
- V. Venkata Siva Kumar Vs The Union of India (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- 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...
I am with Mr Sivakumar on this 271 J issue.
I support the move.