General disciplines related to penalty.

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Full Text of the Document

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....e and made without fraudulent intent or gross negligence. 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 five thousand rupees; (b) an omission or mistake in documentation shall be considered to be easily rectifiable if the same is an error apparent on the face of record. (2) The penalty imposed u....