https://www.taxtmi.com/acts?id=52015 The Principal Commissioner or Commissioner may reduce or waive penalties under section 439 where the taxpayer voluntarily and in good faith fully discloses income before detection, cooperates with enquiries, and pays or arranges tax or interest; deemed full disclosure applies where assessed variance does not attract penalties; prior approval from senior authorities is required where disclosed amounts exceed a prescribed threshold. en-us Thu, 14 Aug 2025 18:34:06 +0530 Sat, 31 Jan 2026 13:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52015 The Principal Commissioner or Commissioner may reduce or waive penalties under section 439 where the taxpayer voluntarily and in good faith fully discloses income before detection, cooperates with enquiries, and pays or arranges tax or interest; deemed full disclosure applies where assessed variance does not attract penalties; prior approval from senior authorities is required where disclosed amounts exceed a prescribed threshold. Act-Rules Income Tax Thu, 14 Aug 2025 18:34:06 +0530 https://www.taxtmi.com/acts?id=52015