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What is the amount of penalty levied under section 221?

FAQs on Penalty provision under IT Act

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Penalty under Section 221: discretionary imposition by the Assessing Officer, capped at tax in arrears. The amount of penalty is at the discretion of the Assessing Officer but is subject to a statutory ceiling and cannot exceed the maximum limit of tax in arrears.

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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 under Section 221: discretionary imposition by the Assessing Officer, capped at tax in arrears.

The amount of penalty is at the discretion of the Assessing Officer but is subject to a statutory ceiling and cannot exceed the maximum limit of tax in arrears.

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What is the amount of penalty levied under section 221?

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Penalty under Section 221: discretionary imposition by the Assessing Officer, capped at tax in arrears.

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