Penalty waiver language broadened to cover both imposed and imposable penalties under the Income-tax Act. Section 379 of the Income-tax Act is amended in sub-section (2) by substituting the words 'waive any penalty imposable' with 'waive any penalty imposed or imposable'. The amendment expands the waiver language to include both penalties already imposed and penalties still imposable, while leaving the underlying waiver power otherwise unchanged.
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 waiver language broadened to cover both imposed and imposable penalties under the Income-tax Act.
Section 379 of the Income-tax Act is amended in sub-section (2) by substituting the words "waive any penalty imposable" with "waive any penalty imposed or imposable". The amendment expands the waiver language to include both penalties already imposed and penalties still imposable, while leaving the underlying waiver power otherwise unchanged.
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