https://www.taxtmi.com/acts?id=50190 Section 273A grants the Commissioner discretion to reduce or waive penalties or specified interest and to stay or compound recovery where an assessee has voluntarily and in good faith made full and true disclosure of income or particulars, cooperated in enquiries, and paid or arranged payment of tax or interest; an explanation deems certain assessed excesses as constituting full disclosure. Board approval is required where aggregate penalties or the aggregate income subject to penalty exceed statutory thresholds, and a Board-approved order bars further relief for other assessment years; all orders under the section are final. en-us Wed, 05 Mar 2025 14:58:32 +0530 Wed, 05 Mar 2025 14:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50190 Section 273A grants the Commissioner discretion to reduce or waive penalties or specified interest and to stay or compound recovery where an assessee has voluntarily and in good faith made full and true disclosure of income or particulars, cooperated in enquiries, and paid or arranged payment of tax or interest; an explanation deems certain assessed excesses as constituting full disclosure. Board approval is required where aggregate penalties or the aggregate income subject to penalty exceed statutory thresholds, and a Board-approved order bars further relief for other assessment years; all orders under the section are final. Act-Rules F. Acts / Amendment Acts Wed, 05 Mar 2025 14:58:32 +0530 https://www.taxtmi.com/acts?id=50190