General disciplines related to penalty

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..... 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 shall b .....

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..... ) When a person voluntarily discloses to a tax authority the circumstances of a breach of the tax law, regulation or procedural requirement prior to the discovery of the breach by the tax authority, the tax authority may consider this fact as a potential mitigating factor when establishing a penalty for that person. (6) The provisions of this section will not apply in such cases where the penal .....

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