Commissioner's discretion to remit penalties for voluntary disclosure may be exercised at multiple procedural stages and after confirmation. Commissioner's discretion under section 271(4A) allows relief from penalties for voluntary disclosure of concealed income at various procedural stages, including while appeals are pending or after confirmation of penalties; prior jurisdictional refusals do not bar later reconsideration; absence of a statutory time limit means authorities must consider delay and all relevant circumstances when deciding applications. The same approach applies to the related wealth tax provision.
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.
Commissioner's discretion to remit penalties for voluntary disclosure may be exercised at multiple procedural stages and after confirmation.
Commissioner's discretion under section 271(4A) allows relief from penalties for voluntary disclosure of concealed income at various procedural stages, including while appeals are pending or after confirmation of penalties; prior jurisdictional refusals do not bar later reconsideration; absence of a statutory time limit means authorities must consider delay and all relevant circumstances when deciding applications. The same approach applies to the related wealth tax provision.
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