Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CIT Can Intervene in Appeals to Reduce Penalties u/s 271(4A) Without Time Limit or Appeal Withdrawal Requirement.</h1> The Commissioner of Income Tax (CIT) can intervene under Section 271(4A) of the Income Tax Act, 1961, even during an appeal before the Appellate Assistant Commissioner (AAC) or Income Tax Tribunal. An assessee appealing a penalty order is not required to withdraw the appeal to seek the Commissioner's intervention. The CIT may reduce or waive penalties if conditions are met, even after penalties are confirmed by appellate authorities. The CIT can reconsider applications if jurisdiction was initially declined. No time limit exists for filing under Section 271(4A), and these guidelines also apply to Section 18(2A) of the Wealth Tax Act, 1957.
TaxTMI 
TaxTMI 
