In case a notice is adjudicated under Section 74 and order issued confirming tax demand and penalty, does the noticee have any option to pay reduced penalty?

In case a notice is adjudicated under Section 74 and order issued confirming tax demand and penalty, does the noticee have any option to pay reduced penalty? https://www.taxtmi.com/acts?id=24598 Where an adjudication under Section 74 confirms tax and penalty, the noticee may conclude proceedings by paying the determined tax and applicable interest together with a penalty equivalent to fifty percent of such tax within thirty days of communication of the order. en-us Mon, 03 Apr 2017 16:06:02 +0530 Mon, 03 Apr 2017 16:06:02 +0530 TaxTMI RSS Generator In case a notice is adjudicated under Section 74 and order issued confirming tax demand and penalty, does the noticee have any option to pay reduced penalty? https://www.taxtmi.com/acts?id=24598 Where an adjudication under Section 74 confirms tax and penalty, the noticee may conclude proceedings by paying the determined tax and applicable interest together with a penalty equivalent to fifty percent of such tax within thirty days of communication of the order. Act-Rules Bills Mon, 03 Apr 2017 16:06:02 +0530 https://www.taxtmi.com/acts?id=24598