https://www.taxtmi.com/acts?id=50051 The substituted proviso requires that the Commissioner may not make any order reducing or waiving a penalty without the prior approval of the Board where either the aggregate minimum penalty imposable exceeds the prescribed monetary threshold or, in cases under the specified clause, the aggregate amount of income subject to penalty for the relevant assessment year(s) exceeds the higher monetary threshold; the rule applies to disclosures covering more than one assessment year by aggregating penalties or income. en-us Mon, 03 Mar 2025 17:11:14 +0530 Mon, 03 Mar 2025 17:11:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50051 The substituted proviso requires that the Commissioner may not make any order reducing or waiving a penalty without the prior approval of the Board where either the aggregate minimum penalty imposable exceeds the prescribed monetary threshold or, in cases under the specified clause, the aggregate amount of income subject to penalty for the relevant assessment year(s) exceeds the higher monetary threshold; the rule applies to disclosures covering more than one assessment year by aggregating penalties or income. Act-Rules F. Acts / Amendment Acts Mon, 03 Mar 2025 17:11:14 +0530 https://www.taxtmi.com/acts?id=50051