TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Tax Bill 2025 Clause 471 requires taxpayer hearings before penalties and Joint Commissioner approval for higher amounts</h1> The Income Tax Bill 2025's Clause 471 establishes procedural safeguards for penalty imposition, requiring taxpayers be heard before penalties are imposed and mandating Joint Commissioner approval for penalties exceeding specified thresholds. While maintaining core protections from the 1961 Act's Section 274, Clause 471 notably omits provisions for faceless penalty schemes and technology-driven proceedings. The provision preserves natural justice principles through hearing requirements and hierarchical oversight, but the absence of digital transformation measures may impact administrative efficiency and transparency in penalty proceedings.
TaxTMI 
TaxTMI 