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TypeBare Act JurisdictionCentral Government

Finance Act 2001 Section 91

Insertion of New Section 271g

~1 min read
https://sooperkanoon.com/act/34273

Bare act section · Research

About this section

Finance Act 2001 Section 91 is part of Finance Act 2001 - Insertion of New Section 271g. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 271F of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2002, namely :-

"271G. Penalty for failure to furnish information or document under section 92D.-If any person who has entered into an international transaction fails to furnish any such information or document as required by sub-section (3) of section 92D, the Assessing Officer or the Commissioner (Appeals) may direct that such person shall pay, by way of penalty, a sum equal to two per cent. of the value of the international transaction for each such failure.".

Frequently asked questions

What does Finance Act 2001 Section 91 provide?

Section Section 91 of the Finance Act 2001 (Insertion of New Section 271g) is reproduced on this page as part of the Finance Act 2001. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act 2001 Section 91?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 2001 Section 91. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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