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of <h1>Board Withdraws Instruction No. 822; Penalty Assessment Guidance Issued for Sections 271(1)(a) and (b.</h1> The circular announces the withdrawal of Instruction No. 822 by the board following consultations with the Ministry of Law and several High Court judgments. The instruction had guided commissioners on assessing whether a tax return was filed voluntarily and in good faith. The board advises that penalties under sections 271(1)(a) and (b) should be considered separately for each assessment year, and requests for penalty reduction or waiver should not be rejected for all years if the section is inapplicable for a particular year. Approval from the board is needed if penalties exceed Rs. 50,000.
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