https://www.taxtmi.com/acts?id=51957 Where an assessee defaults in tax payment the Assessing Officer may direct a penalty, including further penalties for continuing default, subject to the total penalty not exceeding the tax arrears. No penalty shall be levied without a reasonable opportunity of being heard and where the assessee satisfies the AO of good and sufficient reasons for the default. Prior payment of tax does not remove penalty liability, and if a final order wholly reduces the tax in respect of which a penalty was levied, the penalty is cancelled and refunded. en-us Thu, 14 Aug 2025 18:20:46 +0530 Mon, 08 Sep 2025 11:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51957 Where an assessee defaults in tax payment the Assessing Officer may direct a penalty, including further penalties for continuing default, subject to the total penalty not exceeding the tax arrears. No penalty shall be levied without a reasonable opportunity of being heard and where the assessee satisfies the AO of good and sufficient reasons for the default. Prior payment of tax does not remove penalty liability, and if a final order wholly reduces the tax in respect of which a penalty was levied, the penalty is cancelled and refunded. Act-Rules Income Tax Thu, 14 Aug 2025 18:20:46 +0530 https://www.taxtmi.com/acts?id=51957