varshith7/income-tax-act-india huggingface dataset:
Income Tax Act, 2025
Section 7: The word “Goa,” omitted by Act 32 of 994, s. 47 (w.e.f. 11995).
7. The word “Goa,” omitted by Act 32 of 994, s. 47 (w.e.f. 11995).
745
1[CHAPTER XXA
ACQUISITION OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER TO COUNTERACT EVASION OF
TAX
Income Tax Act, 2025
Section 269L: Assistance by Valuation Officers.—(1) The competent authority may,—
269L. Assistance by Valuation Officers.—(1) The competent authority may,—
(a) for the purpose of initiating proceedings for the acquisition of any immovable property
under section 269C or for the purpose of making an order under section 269F in respect of any
immovable property, require a Valuation Officer to determine the fair market value of such property
and report the same to him;
The competent authority may,—
for the purpose of initiating proceedings for the acquisition of any immovable property
under section 269C or for the purpose of making an order under section 269F in respect of any
immovable property, require a Valuation Officer to determine the fair market value of such property
and report the same to him;
Income Tax Act, 2025
Section 3: Ins. by Act 38 of 1981, s. 3 (w.e.f. 191981).
3. Ins. by Act 38 of 1981, s. 3 (w.e.f. 191981).
762
1[CHAPTER XXC
PURCHASE BY CENTRAL GOVERNMENT OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER
269U. Commencement of Chapter.—The provisions of this Chapter shall come into force on such
date as the Central Government may, by notification in the Official Gazette, appoint, and different dates
may be appointed for different areas.
Income Tax Act, 2025
Section 3: Ins. by Act 22 of 1995, s. 46 (w.e.f. 11995).
3. Ins. by Act 22 of 1995, s. 46 (w.e.f. 11995).
765
defect within a period of fifteen days from the date of such intimation or within such further period
which, on an application made in this behalf, the appropriate authority may, in its discretion, allow and if
the defect is not rectified within the said period of fifteen days, or as the case may be, the further period
so allowed, then, notwithstanding anything contained in any other provision of this Chapter, the statement
shall be deemed never to have been furnished.]
Income Tax Act, 2025
Section 1: Subs. by Act 38 of 1993, s. 34, for “The appropriate authority” (w.e.f. 171992).
1. Subs. by Act 38 of 1993, s. 34, for “The appropriate authority” (w.e.f. 171992).
2. The words “and for reasons to be recorded in writing” omitted by s. 34, ibid. (w.e.f. 171992).
Income Tax Act, 2025
Section 269UF: Consideration for purchase of immovable property by Central Government.—(1)
269UF. Consideration for purchase of immovable property by Central Government.—(1)
Where an order for the purchase of any immovable property by the Central Government is made under
sub-section (1) of section 269UD, the Central Government shall pay, by way of consideration for such
purchase, an amount equal to the amount of the apparent consideration.
(2) Notwithstanding anything contained in sub-section (1), where, after the agreement for the transfer
of the immovable property referred to in that sub-section has been made but before the property vests in
the Central Government under section 269UE, the property has been damaged (otherwise than as a result
of normal wear and tear), the amount of the consideration payable under that sub-section shall be reduced
by such sum as the appropriate authority, for reasons to be recorded in writing, may by order determine.
Where an order for the purchase of any immovable property by the Central Government is made under
sub-section
of section 269UD, the Central Government shall pay, by way of consideration for such
purchase, an amount equal to the amount of the apparent consideration.
Notwithstanding anything contained in sub-section
Income Tax Act, 2025
Section 269UM: Immunity to transferor against claims of transferee for transfer.—Notwithstanding
269UM. Immunity to transferor against claims of transferee for transfer.—Notwithstanding
anything contained in any other law or in any instrument or any agreement for the time being in force,
when an order for the purchase of any immovable property by the Central Government is made under this
Chapter, no claim by the transferee shall lie against the transferor by reason of such transfer being not in
accordance with the agreement for the transfer of the immovable property entered into between the
transferor and transferee:
Provided that nothing contained in this section shall apply if the order for the purchase of the
immovable property by the Central Government is abrogated under sub-section (1) of section 269UH.
269UN. Order of appropriate authority to be final and conclusive.—Save as otherwise provided
in this Chapter, any order made under sub-section (1) of section 269UD or any order made under
sub-section (2) of section 269UF shall be final and conclusive and shall not be called in question in any
proceeding under this Act or under any other law for the time being in force.
269UO. Chapter not to apply to certain transfers.—The provisions of this Chapter shall not apply
to or in relation to any immovable property where the agreement for transfer of such property is made by
a person to his relative on account of natural love and affection, if a recital to that effect is made in the
agreement for transfer.
1[269UP. Chapter not to apply where transfer of immovable property effected after certain
date.—The provisions of this Chapter shall not apply to, or in relation to, the transfer of any immovable
property effected on or after the 1st day of July, 2002.]
of section 269UH.
269UN. Order of appropriate authority to be final and conclusive.—Save as otherwise provided
in this Chapter, any order made under sub-section
of section 269UD or any order made under
sub-section
of section 269UF shall be final and conclusive and shall not be called in question in any
proceeding under this Act or under any other law for the time being in force.
269UO. Chapter not to apply to certain transfers.—The provisions of this Chapter shall not apply
to or in relation to any immovable property where the agreement for transfer of such property is made by
a person to his relative on account of natural love and affection, if a recital to that effect is made in the
agreement for transfer.
1[269UP. Chapter not to apply where transfer of immovable property effected after certain
date.—The provisions of this Chapter shall not apply to, or in relation to, the transfer of any immovable
property effected on or after the 1st day of July, 2002.]
Income Tax Act, 2025
Section 1: Ins. by Act 28 of 2016, s. 99 (w.e.f. 12017).
1. Ins. by Act 28 of 2016, s. 99 (w.e.f. 12017).
774
1[271. Failure to furnish returns, comply with notices, concealment of income, etc.—(1) If the
2[Assessing Officer] or the 3*** 4[Commissioner (Appeals)] 5[or the 6[Principal Commissioner or
Commissioner]] in the course of any proceedings under this Act, is satisfied that any person—
7* * * * *]
(b) has 8*** failed to comply with a notice 9[under sub-section (2) of section 115WD or under
sub-section (2) of section 115WE or under sub-section (1) of section 142] or sub-section (2) of
section 143 10[or fails to comply with a direction issued under sub-section (2A) of section 142], or
(c) has concealed the particulars of his income or 11*** furnished inaccurate particulars of 12[such
income, or]
13[(d) has concealed the particulars of the fringe benefits or furnished inaccurate particulars of
such fringe benefits,]
he may direct that such person shall pay by way of penalty,—
14* * * * *
15[(ii) in the cases referred to in clause (b), 16[in addition to tax, if any, payable] by him, 17[a sum
of ten thousand rupees] for each such failure;]
18[(iii) in the cases referred to in 19[clause (c) or clause (d)], 16[in addition to tax, if any, payable]
by him, a sum which shall not be less than, but which shall not exceed 20[three times], the amount of
tax sought to be evaded by reason of the concealment of particulars of his 21[income or fringe
benefits] or the furnishing of inaccurate particulars of such 21[income or fringe benefits].
22* * * * *]
Explanation 1.—Where in respect of any facts material to the computation of the total income of any
person under this Act,—
(A) such person fails to offer an explanation or offers an explanation which is found by the
2[Assessing Officer] or the 3*** 4[Commissioner (Appeals)] 5[or the 6[Principal Commissioner or
Commissioner]] to be false, or
If the
2[Assessing Officer] or the 3*** 4[Commissioner
has 8*** failed to comply with a notice 9[under sub-section
of section 115WD or under
sub-section
of section 115WE or under sub-section
of section 142] or sub-section
of
section 143 10[or fails to comply with a direction issued under sub-section
of section 142], or
has concealed the particulars of his income or 11*** furnished inaccurate particulars of 12[such
income, or]
13[
has concealed the particulars of the fringe benefits or furnished inaccurate particulars of
such fringe benefits,]
he may direct that such person shall pay by way of penalty,—
14* * * * *
15[
in the cases referred to in clause
in the cases referred to in 19[clause
or clause
such person fails to offer an explanation or offers an explanation which is found by the
2[Assessing Officer] or the 3*** 4[Commissioner
Income Tax Act, 2025
Section 2: Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
2. Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
3. The words “Deputy Commissioner (Appeals) or the” omitted by Act 21 of 1998, s. 65 (w.e.f. 11998).
or the” omitted by Act 21 of 1998, s. 65 (w.e.f. 11998).
Income Tax Act, 2025
Section 7: Clause (a) omitted by Act 3 of 1989, s. 50 (w.e.f. 11989).
7. Clause (a) omitted by Act 3 of 1989, s. 50 (w.e.f. 11989).
8. The words “without reasonable cause” omitted by Act 46 of 1986, s. 19 (w.e.f. 101986).
9. Subs. by Act 18 of 2005, s. 58, for “under sub-section (1) of section 142” (w.e.f. 12006).
omitted by Act 3 of 1989, s. 50 (w.e.f. 11989).
8. The words “without reasonable cause” omitted by Act 46 of 1986, s. 19 (w.e.f. 101986).
9. Subs. by Act 18 of 2005, s. 58, for “under sub-section
of section 142” (w.e.f. 12006).
Income Tax Act, 2025
Section 14: Clause (i) omitted by Act 3 of 1989, s. 50 (w.e.f. 11989).
14. Clause (i) omitted by Act 3 of 1989, s. 50 (w.e.f. 11989).
omitted by Act 3 of 1989, s. 50 (w.e.f. 11989).
Income Tax Act, 2025
Section 15: Subs. by s. 50, ibid., for clause (ii) (w.e.f. 11989).
15. Subs. by s. 50, ibid., for clause (ii) (w.e.f. 11989).
16. Subs. by Act 20 of 2002, s. 101, for “in addition to any tax payable” (w.e.f. 12003).
17. Subs. by Act 14 of 2001. s. 86, for “a sum which shall not be less than one thousand rupees but which may extend to
twenty-five thousand rupee” (w.e.f 12001).
18. Subs. by Act 41 of 1975, s. 61, for clause (iii) and the Explanation (w.e.f. 11976).
(w.e.f. 11989).
16. Subs. by Act 20 of 2002, s. 101, for “in addition to any tax payable” (w.e.f. 12003).
17. Subs. by Act 14 of 2001. s. 86, for “a sum which shall not be less than one thousand rupees but which may extend to
twenty-five thousand rupee” (w.e.f 12001).
18. Subs. by Act 41 of 1975, s. 61, for clause
and the Explanation (w.e.f. 11976).
Income Tax Act, 2025
Section 2: The proviso omitted by s. 19, ibid. (w.e.f. 101986).
2. The proviso omitted by s. 19, ibid. (w.e.f. 101986).
3. Subs. by Act 3 of 1989, s. 50, for the Explanation (w.e.f. 11989). Earlier Explanation 3 amended by Act 29 of 1977,
s. 39 and the Fifth Schedule (w.e.f. 101978).
4. The words “who has not previously been assessed under this Act,’ omitted by Act 20 of 2002, s. 101 (w.e.f. 12003).
5. The words “Deputy Commissioner (Appeals) or the” omitted by Act 21 of 1998, s. 65 (w.e.f. 11998).
or the” omitted by Act 21 of 1998, s. 65 (w.e.f. 11998).
Income Tax Act, 2025
Section 3: Subs. by s. 4, ibid., for “Commissioner” (w.r.e.f. 12013).
3. Subs. by s. 4, ibid., for “Commissioner” (w.r.e.f. 12013).
4. The words, brackets and letters “clause (a) or clause (b) of” omitted by Act 3 of 1989, s. 50 (w.e.f. 11989).
5. Subs. by Act 33 of 2009, s. 74, for “Explanation 5A” (w.r.e.f. 12007). Earlier it was inserted by Act 22 of 2007, s. 76
(w.e.f. 12007 ).
or clause
of” omitted by Act 3 of 1989, s. 50 (w.e.f. 11989).
5. Subs. by Act 33 of 2009, s. 74, for “Explanation 5A” (w.r.e.f. 12007). Earlier it was inserted by Act 22 of 2007, s. 76
(w.e.f. 12007 ).
Income Tax Act, 2025
Section 7: Ins. by Act 14 of 2001, s. 86 (w.e.f. 12002).
7. Ins. by Act 14 of 2001, s. 86 (w.e.f. 12002).
8. Subs. by Act 23 of 2012, s. 97, for the words “International transaction” (w.e.f. 12013).
Income Tax Act, 2025
Section 3: Now Section 183 omitted by Act 18 of 1992, s. 65 (11993).
3. Now Section 183 omitted by Act 18 of 1992, s. 65 (11993).
4. Sub-section (3) omitted by Act 3 of 1989, s. 50 (w.e.f. 11989). Earlier it was amended by Act 41 of 1975,
s. 61 (w.e.f. 11976).
omitted by Act 3 of 1989, s. 50 (w.e.f. 11989). Earlier it was amended by Act 41 of 1975,
s. 61 (w.e.f. 11976).
Income Tax Act, 2025
Section 5: Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
5. Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
6. The words and brackets “Deputy Commissioner (Appeals) or, as the case may be, the” omitted by Act 21 of 1998, s. 65
(w.e.f. 11998). Earlier “Deputy Commissioner (Appeals)” was substituted for “Appellate Assistant Commissioner”
by Act 4 of 1988, s. 2 (w.e.f. 11988) and the words and brackets “or, as the case may be, the Commissioner (Appeals)”
were inserted by Act 29 of 1977, s. 39 and the Fifth Schedule (w.e.f. 101978).
7. Sub-sections (4A) and (4B) omitted by Act 41 of 1975, s. 61 (w.e.f. 11975). Earlier the said sub-sections was
inserted by Act 1 of 1965, s. 3 (w.e.f. 121965) and later on sub-section (4A) was substituted by Act 42 of 1970, s. 48
(w.e.f. 11971).]
or, as the case may be, the” omitted by Act 21 of 1998, s. 65
(w.e.f. 11998). Earlier “Deputy Commissioner
and
omitted by Act 41 of 1975, s. 61 (w.e.f. 11975). Earlier the said sub-sections was
inserted by Act 1 of 1965, s. 3 (w.e.f. 121965) and later on sub-section
was substituted by Act 42 of 1970, s. 48
(w.e.f. 11971).]
Income Tax Act, 2025
Section 2: Ins. by Act 28 of 2016, s. 101 (w.e.f. 12017).
2. Ins. by Act 28 of 2016, s. 101 (w.e.f. 12017).
3. The words “, without reasonable cause,” omitted by Act 46 of 1986, s. 20 (w.e.f. 101986).
Income Tax Act, 2025
Section 4: Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
4. Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
5. The words and brackets “Deputy Commissioner (Appeals) or the” omitted by Act 21 of 1998, s. 65 (w.e.f. 11998).
which was substituted as “Deputy Commissioner (Appeals)” for “Appellate Assistant Commissioner” by Act 4 of 1988,
s. 2 (w.e.f. 11988) and the words and brackets “or the Commissioner (Appeals)” were inserted after “Appellate
Assistant Commissioner” by Act 29 of 1977, s. 39 and the Fifth Schedule (w.e.f. 11977).
6. Subs. by Act 14 of 2001, s. 87, for “a sum which shall not be less than two thousand rupees but which may extend to one
hundred thousand rupees” (w.e.f. 12001).
or the” omitted by Act 21 of 1998, s. 65 (w.e.f. 11998).
which was substituted as “Deputy Commissioner
Income Tax Act, 2025
Section 7: Subs. by Act 23 of 2012, s. 98, for section 271AA (w.e.f. 12012).
7. Subs. by Act 23 of 2012, s. 98, for section 271AA (w.e.f. 12012).
8. Section 271AA renumbered as sub-section (1) thereof by Act 28 of 2016, s. 102 (w.e.f. 12017).
thereof by Act 28 of 2016, s. 102 (w.e.f. 12017).
Income Tax Act, 2025
Section 2: Ins. by Act 21 of 1984, s. 30 (w.e.f. 11985).
2. Ins. by Act 21 of 1984, s. 30 (w.e.f. 11985).
3. The words “, without reasonable cause,” omitted by Act 46 of 1986, s. 21 (w.e.f. 101986).
4. Subs. by Act 22 of 1995, s. 48, for “obtain a report of such audit as required under section 44AB or furnish the said report
along with the return of his income filed under sub-section (1) of section 139, or along with the return of income
furnished in response to a notice under clause (i) of sub-section (1) of section 142” (w.e.f. 11995). Earlier certain
words were inserted by Act 26 of 1988, s. 45 (w.e.f. 11989).
of section 139, or along with the return of income
furnished in response to a notice under clause
of sub-section
of section 142” (w.e.f. 11995). Earlier certain
words were inserted by Act 26 of 1988, s. 45 (w.e.f. 11989).
Income Tax Act, 2025
Section 8: Ins. by Act 12 of 1990, s. 43 (w.e.f. 11990).
8. Ins. by Act 12 of 1990, s. 43 (w.e.f. 11990).
* Section 88A omitted by Act 33 of 1996, s. 35 (w.e.f. 11994).
Income Tax Act, 2025
Section 1: Ins. by Act 4 of 1988, s. 108, (w.e.f. 11989).
1. Ins. by Act 4 of 1988, s. 108, (w.e.f. 11989).
2. Subs. by Act 26 of 1997, s. 53, for sub-section (1), (w.e.f. 11997). Earlier it was amended by Act 12 of 1990, s. 44
(w.e.f. 11990).
3. Section 271C renumbered as sub-section (1) thereof by Act 12 of 1990, s. 44 (w.e.f. 11990).
thereof by Act 12 of 1990, s. 44 (w.e.f. 11990).
Income Tax Act, 2025
Section 6: Ins. by Act 21 of 2006, s. 52 (w.e.f. 12007).
6. Ins. by Act 21 of 2006, s. 52 (w.e.f. 12007).
7. Section 271D renumbered as sub-section (1) thereof by Act 12 of 1990, s. 45 (w.e.f. 11990).
thereof by Act 12 of 1990, s. 45 (w.e.f. 11990).
Income Tax Act, 2025
Section 10: Ins. by Act 7 of 2017, s. 85 (w.e.f. 12017).
10. Ins. by Act 7 of 2017, s. 85 (w.e.f. 12017).
11. Section 271E renumbered as sub-section (1) thereof by Act 12 of 1990, s. 46 (w.e.f. 11990).
thereof by Act 12 of 1990, s. 46 (w.e.f. 11990).
Income Tax Act, 2025
Section 2: Ins. by s. 105, ibid. (w.e.f. 12017).
2. Ins. by s. 105, ibid. (w.e.f. 12017).
3. Subs. by Act 14 of 2001, s. 92, for “a sum which shall not be less than five hundred rupees but which niay extend to ten
thousand rupees” (w.e.f. 12001).
4. The words, figures and letters “or section 206A or section 206B” omitted by Act 33 of 1996, s. 55 (w.e.f. 11996).
Income Tax Act, 2025
Section 4: Ins. by Act 21 of 2006, s. 53 (w.e.f. 12006).
4. Ins. by Act 21 of 2006, s. 53 (w.e.f. 12006).
5. Subs. by Act 20 of 2015, s. 76, for “statement under sub-section (3) of section 200 or the proviso to sub-section (3) of
section 206C” (w.e.f. 12015).
of section 200 or the proviso to sub-section
of
section 206C” (w.e.f. 12015).
Income Tax Act, 2025
Section 15: Ins. by Act 23 of 1986, s. 35 (w.e.f. 131986).
15. Ins. by Act 23 of 1986, s. 35 (w.e.f. 131986).
16. The words “, without reasonable cause,” omitted by Act 46 of 1986, s. 20 (w.e.f. 101986).
Income Tax Act, 2025
Section 4: Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
4. Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
5. Subs. by Act 14 of 2001, s. 93, for “a sum which may extend to five thousand rupees” (w.e.f. 12001).
Income Tax Act, 2025
Section 3: Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
3. Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
4. The words “, without reasonable cause,” omitted by Act 46 of 1986, s. 25 (w.e.f. 101986).
Income Tax Act, 2025
Section 3: Ins. by Act 19 of 1978, s. 31 (w.e.f. 11978).
3. Ins. by Act 19 of 1978, s. 31 (w.e.f. 11978).
4. The words “, without reasonable cause,” omitted by Act 46 of 1986, s. 25 (w.e.f. 101986).
5. Subs. by Act 19 of 1978, s. 31, for “sub-section (3) of section 212” (w.e.f. 11978).
of section 212” (w.e.f. 11978).
Income Tax Act, 2025
Section 6: Subs. by s. 31, ibid., for “sub-section (3A) of section 212” (w.e.f. 11978).
6. Subs. by s. 31, ibid., for “sub-section (3A) of section 212” (w.e.f. 11978).
of section 212” (w.e.f. 11978).
Income Tax Act, 2025
Section 3: Ins. by Act 29 of 1977, s. 27 (w.e.f. 11977).
3. Ins. by Act 29 of 1977, s. 27 (w.e.f. 11977).
4. The Explanation numbered as Explanation 1 by Act 67 of 1984, s. 49 (w.e.f. 11985).
Income Tax Act, 2025
Section 7: Subs. by s. 4, ibid., for “Commissioner” (w.e.f. 12013).
7. Subs. by s. 4, ibid., for “Commissioner” (w.e.f. 12013).
8. Subs. by Act 19 of 1978, s. 31, for “proviso to sub-section (3A) of section 212” (w.e.f. 11978).
of section 212” (w.e.f. 11978).
Income Tax Act, 2025
Section 11: Ins. by Act 4 of 1988, s. 112 (w.e.f. 11989).
11. Ins. by Act 4 of 1988, s. 112 (w.e.f. 11989).
794
1[273A. Power to reduce or waive penalty, etc., in certain cases.—(1) Notwithstanding anything
contained in this Act, the 2[3*** 4[Principal Commissioner or Commissioner]] may, in his discretion,
whether on his own motion or otherwise,—
5* * * * *
(ii) reduce or waive the amount of penalty imposed or imposable on a person under 6[section
270A or] clause (iii) of sub-section (1) of section 271; [or]
7* * * * *
if he is satisfied that such person—
8* * * * *
(b) in the case referred to in clause (ii), has, prior to the detection by the 9[Assessing Officer], of
the concealment of particulars of income or of the inaccuracy of particulars furnished in respect of
such income, voluntarily and in good faith, made full and true disclosure of such particulars,
10* * * * *
and also has, 11[in the case referred to in clause (b)], co-operated in any enquiry relating to the assessment
of his income and has either paid or made satisfactory arrangements for the payment of any tax or interest
payable in consequence of an order passed under this Act in respect of the relevant assessment year.
Explanation. 12***—For the purposes of this sub-section, a person shall be deemed to have made full
and true disclosure of his income or of the particulars relating thereto in any case where the excess of
income assessed over the income returned is of such a nature as not to attract the provisions of
6[section 270A or] clause (c) of sub-section (1) of section 271.
12* * * * *
(2) Notwithstanding anything contained in sub-section (1),—
13* * * * *
(b) if in a case falling under 6[section 270A or] clause (c) of sub-section (1) of section 271, the
amount of income in respect of which the penalty is imposed or imposable for the relevant assessment
year, or, where such disclosure relates to more than one assessment year, the aggregate amount of
such income for those years, exceeds a sum of five hundred thousand rupees,
Notwithstanding anything
contained in this Act, the 2[3*** 4[Principal Commissioner or Commissioner]] may, in his discretion,
whether on his own motion or otherwise,—
5* * * * *
reduce or waive the amount of penalty imposed or imposable on a person under 6[section
270A or] clause
of sub-section
of section 271; [or]
7* * * * *
if he is satisfied that such person—
8* * * * *
in the case referred to in clause
of sub-section
of section 271.
12* * * * *
Notwithstanding anything contained in sub-section
if in a case falling under 6[section 270A or] clause
of sub-section
of section 271, the
amount of income in respect of which the penalty is imposed or imposable for the relevant assessment
year, or, where such disclosure relates to more than one assessment year, the aggregate amount of
such income for those years, exceeds a sum of five hundred thousand rupees,
Income Tax Act, 2025
Section 2: Subs. by Act 4 of 1988, s. 2, for “Commissioner” (w.e.f. 11988).
2. Subs. by Act 4 of 1988, s. 2, for “Commissioner” (w.e.f. 11988).
3. The words “Chief Commissioner or” omitted by Act 38 of 1993, s. 36 (w.e.f. 11993).
Income Tax Act, 2025
Section 5: Clause (i) omitted by Act 3 of 1989, s. 51 (w.e.f. 11989).
5. Clause (i) omitted by Act 3 of 1989, s. 51 (w.e.f. 11989).
omitted by Act 3 of 1989, s. 51 (w.e.f. 11989).
Income Tax Act, 2025
Section 7: Clause (iii) omitted by Act 3 of 1989, s. 51 (w.e.f. 11989).
7. Clause (iii) omitted by Act 3 of 1989, s. 51 (w.e.f. 11989).
omitted by Act 3 of 1989, s. 51 (w.e.f. 11989).
Income Tax Act, 2025
Section 6: Subs. by Act 4 of 1988, s. 2, for “Commissioner” (w.e.f. 11988).
6. Subs. by Act 4 of 1988, s. 2, for “Commissioner” (w.e.f. 11988).
7. The words “Chief Commissioner or” omitted by Act 38 of 1993, s. 36 (w.e.f. 11993).