TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income-tax Act Sec 273A Amended: Chief Commissioner/Director General Approval Needed for Penalty Waivers Starting June 1, 1994</h1> Section 273A of the Income-tax Act is amended to include a new sub-section (7), effective June 1, 1994. This provision allows for the reduction or waiver of penalty or interest for assessments from the year starting April 1, 1988, or earlier. The amendment specifies that the power to reduce or waive penalties or interest, previously requiring Board approval, will now require the prior approval of the Chief Commissioner or Director General, and can only be exercised by the Commissioner. This change modifies the application of sub-sections (1), (2), and (4) as they existed before the 1989 amendment.
TaxTMI 
TaxTMI 
