29 May 2012
When penalty is dropped by an Assistant Commissioner or Joint COmmissioner of Income Tax whether Penalty waiver order can be issued by them or it will be noted in the docket sheet and file will be closed please clarify.
N.Nagarajan Palani, Tamilnadu Mobile No: 9751750588,9442594927
30 May 2012
Waiving of penalty is the discretion of the concerned authority where it does not require any certificate. A simple note is written done in the sheet for the closer of the case which remains with him and got signed by the concerned person or by the legal representative. That's enough
CAclubindia
