General disciplines related to penalty

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..... omission or mistake 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 five thousand rupees. (b) an omission or mistake in docum .....

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..... cribed. (5) 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 quantifying a penalty for that person. (6) The provisions of this section shall not apply in such cases wher .....

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