https://www.taxtmi.com/circulars?id=9372 Instruction No.1364/CBDT mandates that penalty proceedings be initiated only after an enquiry of the assessee and acceptance of genuine explanations without further inquiry where warranted; proceedings must not be mechanical, trivial penalties should be avoided, assessees must be given a reasonable opportunity to be heard, penalty proceedings ordinarily completed within six months of assessment, and penalty orders must be speaking orders reflecting due consideration. Supervisory monitoring using the penalty register, MPR and six-month control statements is required, and the instruction applies mutatis mutandis to Wealth Tax, Gift Tax and Estate Duty proceedings. en-us Thu, 13 Nov 1980 00:00:00 +0530 Sat, 04 Jun 2011 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9372 Instruction No.1364/CBDT mandates that penalty proceedings be initiated only after an enquiry of the assessee and acceptance of genuine explanations without further inquiry where warranted; proceedings must not be mechanical, trivial penalties should be avoided, assessees must be given a reasonable opportunity to be heard, penalty proceedings ordinarily completed within six months of assessment, and penalty orders must be speaking orders reflecting due consideration. Supervisory monitoring using the penalty register, MPR and six-month control statements is required, and the instruction applies mutatis mutandis to Wealth Tax, Gift Tax and Estate Duty proceedings. Circulars Income Tax Thu, 13 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9372