https://www.taxtmi.com/acts?id=49921 The amendment grants the Commissioner discretion to reduce or waive the minimum penalty under clause (i) or clause (iii) where the taxpayer, before notice or detection, voluntarily and in good faith disclosed full particulars, cooperated with assessment enquiries, and has paid or arranged payment of tax or interest; Board approval is required if the aggregate minimum penalty exceeds a specified monetary threshold, and any order under this discretion is final and not open to challenge. en-us Fri, 28 Feb 2025 16:14:48 +0530 Fri, 28 Feb 2025 16:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49921 The amendment grants the Commissioner discretion to reduce or waive the minimum penalty under clause (i) or clause (iii) where the taxpayer, before notice or detection, voluntarily and in good faith disclosed full particulars, cooperated with assessment enquiries, and has paid or arranged payment of tax or interest; Board approval is required if the aggregate minimum penalty exceeds a specified monetary threshold, and any order under this discretion is final and not open to challenge. Act-Rules F. Acts / Amendment Acts Fri, 28 Feb 2025 16:14:48 +0530 https://www.taxtmi.com/acts?id=49921