Discretionary power-requirement for speaking orders ensures reasons accompany waivers or reductions of penalties under wealth tax law. Section 18(2A) authorises Commissioners to reduce or waive penalties under section 18(1)(i) and 18(1)(iii), but such discretionary powers must be exercised with due care and caution and accompanied by a speaking order setting out reasons; the Board directs that these requirements, as endorsed by the High Court, be followed when passing orders under section 18(2A).
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.
Discretionary power-requirement for speaking orders ensures reasons accompany waivers or reductions of penalties under wealth tax law.
Section 18(2A) authorises Commissioners to reduce or waive penalties under section 18(1)(i) and 18(1)(iii), but such discretionary powers must be exercised with due care and caution and accompanied by a speaking order setting out reasons; the Board directs that these requirements, as endorsed by the High Court, be followed when passing orders under section 18(2A).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
