https://www.taxtmi.com/circulars?id=54745 The circular clarifies that a valid declaration under the Income Declaration Scheme for years not under assessment on an identical issue, coupled with an offer to pay tax and interest for the year pending assessment, shall be treated as having cooperated in any enquiry for the purpose of reducing or waiving penalty; revenue officers are advised to take a lenient view on applications for penalty reduction or waiver in such cases, subject to payment of the entire amount payable under the Scheme and appropriate application under the penalty relief mechanism. en-us Wed, 21 Sep 2016 00:00:00 +0530 Mon, 26 Sep 2016 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54745 The circular clarifies that a valid declaration under the Income Declaration Scheme for years not under assessment on an identical issue, coupled with an offer to pay tax and interest for the year pending assessment, shall be treated as having cooperated in any enquiry for the purpose of reducing or waiving penalty; revenue officers are advised to take a lenient view on applications for penalty reduction or waiver in such cases, subject to payment of the entire amount payable under the Scheme and appropriate application under the penalty relief mechanism. Circulars Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54745