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Section -119 - Empowering Board to issue directions in respect of penalty for failure to deduct or collect tax at source –

 

This provision authorises the Central Board of Direct Taxes to issue instructions to other income tax authorities for proper administration of the Act and such directions are binding on the authorities. Without prejudice to the generality of the power, sub section(2) specifies certain sections in respect of which instructions can be issued for efficient management of the work of assessment and collection. The proposed amendment seeks to include sections 271C and 271CA in respect of which instructions can be issued by the CBDT. These sections deals with penalties for failure to deduct tax at source and for failure to collect tax at source.


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