(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. 1(2) No order imposing a penalty under this Chapter shall be made-
(a) by the Income-tax Officer, where the penalty exceeds ten thousand rupees;
(b) by the 2Assistant Commissioner or Deputy Commissioner, where the penalty exceeds twenty thousand rupees, except with the prior approval of the3Joint Commissioner.
4(3) An income-tax authority on making an order under this Chapter imposing a
penalty, unless he is himself the Assessing Officer, shall forthwith send a copy
of such order to the Assessing Officer.
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1. Ins. by Act 4 of 1988, s. 115 (w.e.f. 1-4-1989). Earlier it was amended by
Act of 42 of 1970, s. 49 (w.e.f. 1-4-1971) and later omitted by act 41 of 1975,
s. 65 (w.e.f. 1-4-1975).
2. Subs. by Act 21 of 1998, s. 3, for "Assistant Commissioner" (w.e.f.
1-10-1998).
3. Subs by s. 3, ibid, for "Deputy Commissioner" (w.e.f. 1-10-1998).
4. Subs. by Act 4 of 1988, s. 115, for sub-section (3) (w.e.f. 1-4-1987).
Earlier it was amended by Act 29 of 1977, s. 19 (w.e.f. 10-7-1978).
Section 273 False estimate of, or failure to pay, advance tax
Section 273A Power to reduce or waive penalty, etc., in certain cases
Section 273AA Power of Principal Commissioner or Commissioner to grant immunity from penalty
Section 273B Penalty not to be imposed in certain cases
Section 275 Bar of limitation for imposing penalties
Section 275A Contravention of order made under sub-section (3) of section 132
Section 275B Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
Section 276 Removal, concealment, transfer or delivery of property to thwart tax recovery