https://www.taxtmi.com/acts?id=3440 Penalty orders under this Chapter require that the assessee be heard or given a reasonable opportunity of being heard through a show cause notice. Penalty orders exceeding the prescribed limits by the Income-tax Officer, Assistant Commissioner or Deputy Commissioner require prior approval of the Joint Commissioner. The Central Government may notify a penalty scheme for greater efficiency, transparency and accountability, and may issue directions modifying jurisdiction and procedure for penalty, subject to the stated limits and parliamentary laying requirement. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 01 Apr 2026 11:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3440 Penalty orders under this Chapter require that the assessee be heard or given a reasonable opportunity of being heard through a show cause notice. Penalty orders exceeding the prescribed limits by the Income-tax Officer, Assistant Commissioner or Deputy Commissioner require prior approval of the Joint Commissioner. The Central Government may notify a penalty scheme for greater efficiency, transparency and accountability, and may issue directions modifying jurisdiction and procedure for penalty, subject to the stated limits and parliamentary laying requirement. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3440