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of <h1>Union Budget 2025-26 proposes unified six-month penalty deadline under section 275 for streamlined tax administration efficiency.</h1> The Union Budget 2025-26 proposes amendments to streamline the time limits for imposing penalties under section 275 of the Act. Currently, multiple timelines exist depending on whether a case is under appeal with the ITAT, JCIT(Appeal), or Commissioner (Appeal), complicating tax administration. The amendment suggests a unified deadline of six months from the end of the quarter in which related proceedings conclude or an appeal order is received by the relevant authority. This change aims to enhance efficiency and will be effective from April 1, 2025, with corresponding updates to section 246A.
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