Part I - Basic Issues as to Penalty Proceedings |
2
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| 1 : Principles Relating to Penalty Proceedings |
2
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| 2 : Principle of Natural Justice Vis-a-Vis Penalty Proceedings |
10
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| 3 : Penalty Proceedings Vis-a-Vis Assessment Proceedings |
15
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Part II - Penalty for Underreporting and Misreporting of Income [Sections 270A and 270AA] |
21
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| 4 : Penalty for Underreporting and Misreporting of Income [Section 270A] |
21
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| 5 : Underreporting of Income - Statutory Position and Instances |
27
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| 6 : Misreporting of Income - Statutory Position and Instances |
33
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| 7 : Computation of Underreported Income |
39
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| 8 : Computation of Tax Payable on Underreported Income and Penalty Leviable Under Section 270A |
42
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| 9 : Underreported Income and Penalty Under Section 270A in Loss Cases |
45
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| 10 : Penalty for Underreported Income Where MAT or AMT Provisions Applicable |
47
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| 11 : Determination of Underreported Income Where Source of Receipt Related to Earlier Years |
50
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| 12 : No Penalty Under Section 270A in Case of Bona Fide Explanation |
52
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| 13 : Determination of Underreported Income on the Basis of Estimate |
69
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| 14 : Penalty on Underreported Income in Case of Transfer Pricing Cases |
82
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| 15 : Penalty on Undisclosed Income of Specified Previous Year Found in Search Cases |
92
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| 16 : Immunity from Penalty Levied Under Section 270A [Section 270AA] |
95
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Part III - Penalties Other than Penalty for Underreporting and Misreporting of Income |
99
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| 17 : Penalties Other than Penalty for Underreporting of Income |
99
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| 18 : Penalty in Making Payment of Tax [Section 221] |
107
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| 19 : Penalty for Failure to Keep, Maintain or Retain Proper Books of Account, Documents, Etc. [Section 271A] |
109
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| 20 : Penalty for Failure to Keep and Maintain Information and Document in Respect of Certain Transactions [Section 271AA] |
115
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| 21 : Penalty on Undisclosed Incomes Found in Search Cases [Section 271AAB] |
125
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| 22 : Penalty in Respect of Income Referred to in Sections 68 to 69D [Section 271AAC] |
138
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| 23 : Penalty for False Entry, Etc. in Books of Account [Section 271AAD] |
143
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| 24 : Penalty for Failure to Get Accounts Audited [Section 271B] |
155
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| 25 : Penalty for Failure to Furnish Report Under Section 92E [Section 271BA] |
189
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| 26 : Penalty for Failure to Deduct Tax at Source [Section 271C] |
192
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| 27 : Penalty for Failure to Collect Tax at Source [Section 271CA] |
208
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| 28 : Penalty for Failure to Comply with Section 269SS [Section 271D] |
209
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| 29 : Penalty for Failure to Comply with Section 269ST [Section 271DA] |
248
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| 30 : Penalty for Failure to Comply with Section 269SU [Section 271DB] |
255
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| 31 : Penalty for Failure to Comply with Provisions of Section 269T [Section 271E] |
257
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| 32 : Escapement From Penalty Under Sections 271D and 271E Owing to Reasonable Cause |
269
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| 33 : Penalty for Failure to Furnish Statement of Financial Transaction or Reportable Account or for Furnishing Inaccurate Statement of Financial Transaction or Reportable Account [Sections 271FA, 271FAA] |
286
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| 34 : Failure to Furnish Statement or Information or Document by Eligible Investment Fund [Section 271FAB] |
291
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| 35 : Penalty for Failure to Furnish Information or Document Under Section 92D [Section 271G] |
294
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| 36 : Penalty for Failure to Furnish Information or Document Under Section 285A [Section 271GA] |
299
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| 37 : Penalty for Failure to Furnishing Report or for Furnishing Inaccurate Report Under Section 286 [Section 271GB] |
302
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| 38 : Penalty for Failure to Furnish TDS/TCS Statements [Section 271H] |
304
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| 39 : Penalty for Failure to Furnish Information or Furnishing Inaccurate Information Under Section 195(6) [Section 271-I] |
306
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| 40 : Penalty for Furnishing Incorrect Information in Reports or Certificates [Section 271-J] |
309
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| 41 : Penalty for Failure to Furnish Certain Statement [Section 271K] |
310
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| 42 : Penalty for Failure to Answer Questions, Sign Statements, Furnish Information, Returns or Statements, Allow Inspections, Etc. [Section 272A] |
311
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| 43 : Penalty for Failure to Comply with Provisions of Section 133B [Section 272AA] |
335
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| 44 : Penalty for Failure to Comply with Provisions of Section 139A [Section 272B] |
337
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| 45 : Penalty for Failure to Comply with Section 203A [Section 272BB] |
341
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Part IV - Concealment Penalty Under Section 271(1)(c) [Imposable Upto Assessment Year 2016-17] |
344
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| 46 : Levy of Penalty under Section 271 for Concealment of Income and for Furnishing Inaccurate Particulars of Income |
344
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| 47 : Concealed Income in Context of Section 271(1) |
351
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| 48 : Instances of Furnishing of Inaccurate Particulars of Income or Otherwise |
362
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| 49 : Authority Competent to Impose Penalty and Person on Whom Penalty Imposable |
392
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| 50 : Circumstances under which Concealment Penalty Leviable |
395
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| 51 : Principles Determining Non-Leviability of Penalty |
406
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| 52 : Judicially Noticed Circumstances under which Penalty Not Leviable |
433
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| 53 : Addition or Disallowances Vis-a-Vis Penalty under Section 271 |
451
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| 54 : Burden of Proof |
486
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| 55 : Explanations to Section 271(1) |
497
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| 56 : Penalty Where Search Initiated on or After 1-6-2007 but Before 1-4-2016 [Explanation 5A and Section 271AAA/271AAB] |
501
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Part V - Levy of Fee Under Sections 234E, 234F, 234G and 234H |
507
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| 57 : Late Fee for Delayed Filing of TDS Return [Section 234E] |
507
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| 58 : Fees for Default in Furnishing Return of Income [Section 234F] |
509
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| 59 : Fees for Default Relating to Statement or Certificate [Section 234G] |
510
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| 60 : Fee for Default Relating to Intimation of Aadhaar Number [Section 234H] |
511
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Part VI - Waiver, Reduction and Non-Imposition of Penalty [Sections 273A, 273AA and 273B] |
513
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| 61 : Possibilities of Reducing or Waiving Penalty in Certain Cases [Section 273A] |
513
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| 62 : Disclosure in Good Faith and Voluntarily and Co-operation by Assessee |
528
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| 63 : Exercise of Jurisdiction by Principal Commissioner or Commissioner Under Section 273A |
535
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| 64 : Power of Principal Commissioner or Commissioner Under Section 273A(4) for Waiver or Reduction of Penalty |
542
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| 65 : Reduction or Waiver of Penalty by Dispute Resolution Committee [Section 245MA] |
546
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| 66 : Reduction or Waiver of Penalty by Dispute Resolution Committee [Section 245MA] |
548
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| 67 : Penalty Not to be Imposed Where Reasonable Cause Exists [Section 273B] |
552
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Part VII - Procedural Aspects and Limitation Vis-a-Vis Levy of Penalty [Sections 274 and 275] |
577
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| 68 : Procedure Regarding Levy of Penalty [Section 274] |
557
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| 69 : Limitation Period for Imposition of Penalty [Section 275] |
566
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Part VIII - Proceedings Under Faceless Penalty Scheme [Effective from 12-1-2021] |
579
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| 70 : Introduction of Faceless Penalty Scheme |
579
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| 71 : Important Terminologies Under Faceless Penalty Scheme |
581
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| 72 : Setting up of Faceless Penalty Centres for Faceless Penalty Proceedings |
584
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| 73 : Procedure as to Levy of Penalty |
586
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| 74 : Rectification of Mistakes in Faceless Proceedings |
590
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| 75 : Communication Procedure under Faceless Penalty Proceedings |
592
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| 76 : Personal Appearance During Faceless Penalty Proceedings |
594
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| 77 : Miscellaneous Issues Under Faceless Penalty Proceedings |
596
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| 78 : Modifications of Certain Provisions of Act |
598
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Part IX - Appellate Remedy With Stay Specific Issues |
625
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| 79 : Availability of Appeal Against Order Imposing Penalty |
625
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| 80 : Stay of Demand for Penalty |
627
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Part X - Handling Penalty Notices in the Present Faceless Era with Appropriate Solutions |
636
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| 81 : Common Defences Available in Penalty Proceedings |
636
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| 82 : Notice Under Section 221 Before Levying Penalty for Payment of Tax |
640
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| 83 : Notice Under Section 270A Before Levying Penalty for Underreporting of Income |
642
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| 84 : Application for Granting Immunity from Penalty Levied Under Section 270A |
646
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| 85 : Notice Under Section 271A Before Levying Penalty for Failure to Maintain Required Books and Accounts |
648
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| 86 : Notice Under Section 271AA Before Levying Penalty for Failure to Keep and Maintain Books Regarding Internation and Specified Domestic Transaction |
651
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| 87 : Notice Under Section 271AAB in Search Cases |
653
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| 88 : Notice Under Section 271AAC |
655
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| 89 : Notice Proposing Penalty Under Section 271AAD |
658
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| 90 : Notice Under Section 271B for Failure to Get Tax Audit Done and Submission of Audit Report |
660
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| 91 : Notice Under Section 271BA Before Levying Penalty for Failure to Furnish Audit Report in Case of International Transaction or Specified Domestic Transaction |
663
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| 92 : Notice Under Section 271C Before Levying Penalty for Failure to Deduct Tax at Source |
665
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| 93 : Notice Under Section 271CA Before Levying Penalty for Failure to Collect Tax at Source |
668
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| 94 : Conveyancing Tips Pursuant to Failure in Complying With Provisions of Section 269SS |
670
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| 95 : Notice Regarding Penalty for Violation of Section 269ST |
673
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| 96 : Notice Regarding Penalty for Violation of Section 269SU |
675
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| 97 : Conveyancing Tips Pursuant to Failure in Complying with Provisions of Section 269T |
676
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| 98 : Notice Under Section 271FA Before Levying Penalty for Failure to Furnish SFT or Reportable Account |
678
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| 99 : Notice Under Section 271FAA Before Levying Penalty for Furnishing Inaccurate SFT or Reportable Account |
679
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| 100 : Notice Under Section 271G Before Levying Penalty for Failure to Furnish Any Such Information or Document Under Section 92D(3) |
680
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| 101 : Notice Under Section 271H Before Levying Penalty for Failure to Furnish TDS and TCS Statement |
682
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| 102 : Notice Under Section 272A(1) Before Levying Penalty for Specific Failure |
684
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| 103 : Notice Under Section 272A(2) Before Levying Penalty for Various Failures |
688
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| 104 : Notice Under Section 272A(2)(l) Before Levying Penalty for Non-Furnishing of Quarterly Return Under Section 206A |
690
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| 105 : Notice Under Section 272AA Before Levying Penalty for Failure to Comply with Provisions of Section 133B |
692
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| 106 : Notice Under Section 272B Before Levying Penalty for Failures to Comply with Provisions Relating to PAN |
694
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| 107 : Notice Under Section 272BB Before Levying Penalty for Failure to Comply with Provisions of Section 203A |
696
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| 108 : Application for Stay of Penalty |
698
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