https://www.taxtmi.com/acts?id=50304 Amendment to section 273A adds Explanation 2 deeming a disclosure made within fifteen days of seizure under section 132 to be voluntary and in good faith if full and true income disclosure is made to the Commissioner; raises the monetary threshold in sub-section (2)(a); and adds a proviso to sub-section (4) requiring prior Board approval before the Commissioner may reduce, waive or compound penalties exceeding the higher threshold. en-us Thu, 06 Mar 2025 18:17:53 +0530 Thu, 06 Mar 2025 18:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50304 Amendment to section 273A adds Explanation 2 deeming a disclosure made within fifteen days of seizure under section 132 to be voluntary and in good faith if full and true income disclosure is made to the Commissioner; raises the monetary threshold in sub-section (2)(a); and adds a proviso to sub-section (4) requiring prior Board approval before the Commissioner may reduce, waive or compound penalties exceeding the higher threshold. Act-Rules F. Acts / Amendment Acts Thu, 06 Mar 2025 18:17:53 +0530 https://www.taxtmi.com/acts?id=50304