https://www.taxtmi.com/acts?id=20490 Amendment inserts references to section 270A in sub-section (1), its Explanation and sub-section (2)(b) of section 273A so that waiver or reduction of penalty accords with penalties for under-reporting and misreporting under section 270A. It further adds sub section (4A) requiring the Principal Commissioner or Commissioner to pass an order accepting or rejecting an application under sub-section (4) within twelve months of the end of the month of receipt and mandates an opportunity of being heard before any rejection, with a transitional deadline for pending applications. en-us Mon, 29 Feb 2016 17:11:15 +0530 Tue, 01 Mar 2016 11:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20490 Amendment inserts references to section 270A in sub-section (1), its Explanation and sub-section (2)(b) of section 273A so that waiver or reduction of penalty accords with penalties for under-reporting and misreporting under section 270A. It further adds sub section (4A) requiring the Principal Commissioner or Commissioner to pass an order accepting or rejecting an application under sub-section (4) within twelve months of the end of the month of receipt and mandates an opportunity of being heard before any rejection, with a transitional deadline for pending applications. Act-Rules Bills Mon, 29 Feb 2016 17:11:15 +0530 https://www.taxtmi.com/acts?id=20490