Discretion under section 271(4A) allows commissioner to reduce or waive penalty despite appeals or confirmations. The Commissioner's discretion under section 271(4A) permits reduction or waiver of penalties based on the distinct statutory conditions for relief, even during pendency of appeals or after confirmation by appellate or revisional authorities; previous refusal for want of jurisdiction can be revisited once jurisdiction is recognised. Voluntary disclosure of undiscovered income may qualify for relief if statutory conditions are met. No statutory time-limit exists; delay is weighed under the Commissioner's equitable discretion. The Board's clarifications similarly apply to the parallel 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.
Discretion under section 271(4A) allows commissioner to reduce or waive penalty despite appeals or confirmations.
The Commissioner's discretion under section 271(4A) permits reduction or waiver of penalties based on the distinct statutory conditions for relief, even during pendency of appeals or after confirmation by appellate or revisional authorities; previous refusal for want of jurisdiction can be revisited once jurisdiction is recognised. Voluntary disclosure of undiscovered income may qualify for relief if statutory conditions are met. No statutory time-limit exists; delay is weighed under the Commissioner's equitable discretion. The Board's clarifications similarly apply to the parallel Wealth-tax provision.
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