Procedure for imposing Penalty - Section 274

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lty to be levied with prior approval of JC in certain cases [Section 274(2)] No order imposing a penalty under this Chapter shall be made- by the Income-tax Officer , where the penalty exceeds 10,000 rupees by the Assistant Commissioner or Deputy Commissioner , where the penalty exceeds 20,000 rupees except with the prior approval of the Joint Commissioner. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of giving effect to the scheme made under sub-section (2A) , by notification in the Official Gazette, direct that any of the provisions of this Act relating to jurisdiction and procedure for imposing penalty shall not apply or shall apply with such exceptions, modifications and adaptations as may be specified in the notification. No direction shall be issued after the 31st day of March, 20 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ce with the law prevailing on the date of default and not on which the penalty is imposed. Note:- If the penalty order is passed without giving any opportunity to the assessee of being heard, then such order is void ab-initio . Central Government may amend any direction, issued under this section 274(2B) for the purpose of Faceless Penalty Scheme on or before the 31st day of March, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X