General disciplines related to penalty

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Full Text of the Document

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....istake in documentation which is easily rectifiable and obviously made without fraudulent intent or gross negligence shall be greater than necessary to serve merely as a warning. Explanation.- For the purpose of this sub-section - (a) a breach shall be considered a 'minor breach' if the amount of tax involved is less than rupees five thousand. (b) an omission or mistake in documentation s....