Penalty for under reporting of income under section 439 will form part of assessment orders from April 1, 2027. The amendment provides that penalties under section 439 for under reporting of income shall constitute part of an assessment or reassessment order made on or after 1 April 2027, requires a show cause notice as the form of reasonable opportunity to be heard, and deems Joint Commissioner approval for assessment or reassessment to include approval for any such penalty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for under reporting of income under section 439 will form part of assessment orders from April 1, 2027.
The amendment provides that penalties under section 439 for under reporting of income shall constitute part of an assessment or reassessment order made on or after 1 April 2027, requires a show cause notice as the form of reasonable opportunity to be heard, and deems Joint Commissioner approval for assessment or reassessment to include approval for any such penalty.
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