Penalty proceedings prioritisation to expedite finalisation, ensure procedural safeguards and adjust penalties when assessments change. Directs prioritisation of penalty proceedings with charge-wise action plans to maximise disposal and adhere to a de minimis threshold for initiating penalties. Requires initiation only after due application of mind, proper opportunity to be heard, complete record management, timely orders before limitation, thorough investigation for concealment findings, and prompt reduction of penalty quantum where total income or tax is later reduced.
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.
Penalty proceedings prioritisation to expedite finalisation, ensure procedural safeguards and adjust penalties when assessments change.
Directs prioritisation of penalty proceedings with charge-wise action plans to maximise disposal and adhere to a de minimis threshold for initiating penalties. Requires initiation only after due application of mind, proper opportunity to be heard, complete record management, timely orders before limitation, thorough investigation for concealment findings, and prompt reduction of penalty quantum where total income or tax is later reduced.
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