https://www.taxtmi.com/circulars?id=10165 The Commissioner may exercise discretion under Section 271(4A) to reduce or waive penalties even after subordinate officers have imposed penalties or appeals are pending; the conditions for invoking sub section (4A) focus on prior nondetection and statutory requirements rather than the factual merits of the penalty, and the Commissioner can entertain applications after erroneous jurisdictional refusals, accept voluntary disclosure not yet detected by the tax officer, and must apply equitable considerations to delay in the absence of a statutory time limit. en-us Fri, 15 Mar 1974 00:00:00 +0530 Sat, 11 Jun 2011 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10165 The Commissioner may exercise discretion under Section 271(4A) to reduce or waive penalties even after subordinate officers have imposed penalties or appeals are pending; the conditions for invoking sub section (4A) focus on prior nondetection and statutory requirements rather than the factual merits of the penalty, and the Commissioner can entertain applications after erroneous jurisdictional refusals, accept voluntary disclosure not yet detected by the tax officer, and must apply equitable considerations to delay in the absence of a statutory time limit. Circulars Income Tax Fri, 15 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10165