Sec 128- Power to waive penalty or fee or both

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Sec 128- Power to waive penalty or fee or both 2017-04-14T03:07:21+00:00

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    #1198 |

    The Government may, by notification, waive in part or full, any penalty referred to in section 122 or section 123 or section 125 or any late fee referred to in section 47 for such class of taxpayers and under such mitigating circumstances as may be specified therein on the recommendations of the Council.

    Priya MadrechaPriya Madrecha
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    128.1  Introduction
    This section empowers the government to waive penalty for certain class of taxpayers or under certain circumstances.
    128.2 Analysis
    This section provides for waiver of penalty leviable under section 122 or section 123 or section 125 or late fee payable under section 47 to those class of taxpayers or under such mitigating factors as notified by the Government.

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