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of <h1>Penalty Recovery via Income-tax Act: Commission to Use Form V for Treating Penalty as 'Tax Due' for Efficient Collection.</h1> The Commission may decide to recover a penalty imposed under the Act through the provisions of the Income-tax Act, 1961. If deemed necessary, the Commission will document its reasons in writing and make a reference to the relevant Income-tax authority using Form V as outlined in the regulations. This process treats the penalty as 'tax due' under the Income-tax Act, facilitating its recovery by the Income-tax authority.
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