Procedure
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Section 471(1) of Income Tax Act 2025
471(1) No order imposing a penalty under this Chapter shall be made unless the assessee has been heard, or has been given a reasonable opportunity of being heard.
Section 471(2) of Income Tax Act 2025
471(2) No order imposing a penalty under this Chapter shall be made without the prior approval of the Joint Commissioner—
- (a) where the penalty exceeds ten thousand rupees, by the Income-tax Officer;
- (b) where the penalty exceeds twenty thousand rupees, by the Assistant Commissioner or Deputy Commissioner.
Section 471(3) of Income Tax Act 2025
471(3) An income-tax authority on making an order under this Chapter imposing a penalty, unless he himself is the Assessing Officer, shall send a copy of the order to the Assessing Officer.
