https://www.taxtmi.com/circulars?id=9864 The Board requires prior approval before a Commissioner may reduce or waive specified penalties where either the aggregate amount of penalties under clause (i) of section 271 or section 273 exceeds the monetary threshold, or the aggregate income for relevant years subject to penalty under section 271(1)(c) exceeds the monetary threshold; satisfaction of either condition brings the listed penalties within section 273A(2) and prohibits reduction or waiver without Board approval. en-us Tue, 16 Jan 1990 00:00:00 +0530 Thu, 09 Jun 2011 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9864 The Board requires prior approval before a Commissioner may reduce or waive specified penalties where either the aggregate amount of penalties under clause (i) of section 271 or section 273 exceeds the monetary threshold, or the aggregate income for relevant years subject to penalty under section 271(1)(c) exceeds the monetary threshold; satisfaction of either condition brings the listed penalties within section 273A(2) and prohibits reduction or waiver without Board approval. Circulars Income Tax Tue, 16 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9864