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Income-tax Act, 1961

Section - 273A - Power to reduce or waive penalty, etc , in certain cases

Power to reduce or waive penalty, etc., in certain cases .

273A. (1) Notwithstanding anything contained in this Act, the Principal Commissioner or Commissioner may, in his discretion, whether on his own motion or otherwise,-

(i)- [***]
(ii)- reduce or waive the amount of penalty imposed or imposable on a person under section 270A or clause (iii) of sub-section (1) of section 271; or
(iii)- [***]
if he is satisfied that such person-

(a)- [***]
(b)-.... To read the full section download the app from Google Play store
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