(1) Where,––(a) under an agreement or other arrangement, in writing, the tax deductible on any income, other than interest in section 393(2) (Table: Sl. No. 17), is to be borne by the person by whom the income is payable; and(b) such person having paid such tax to the credit of the Central Government claims that […]

(1) Where, as a result of any order passed in appeal or other proceeding under this Act, refund of any amount becomes due to the assessee, the Assessing Officer shall, except as otherwise provided in this Act, refund the amount to the assessee without his having to make any claim in that behalf. (2) Where,

In a claim under this part, it shall not be open to the assessee to question the correctness of any assessment, or other matter decided which has become final and conclusive, or ask for a review of the aforesaid assessment or matter; and the assessee shall not be entitled to any relief on such claim

(1) Where a refund is due to the assessee under this Act, he shall, subject to the provisions of this section, be entitled to receive, in addition to the refund, simple interest thereon calculated at the rate of 0.5% for each month (or part of a month), in the circumstances  specified in column B of

(1) Where a refund becomes due or is found to be due to any person under this Act, the Assessing Officer or Commissioner or Principal Commissioner orChief Commissioner or Principal Chief Commissioner, may instead of payment of the refund, set off the amount to be refunded or any part of that amount, against the sum,

Section 439 of Income Tax Act 2025 replaced the earlier Section 270A of Income Tax Act 1961 which provided for the penalty for underreporting and misreporting of income. With effect from 01.04.2026, provisions of Section 439 of Income Tax Act, 2025 will be application with respect to the Penalties for Underreporting and Misreporting of Income under Income

(1) An assessee may make an application to the Assessing Officer for granting immunity from penalty under section 439 and initiation of proceedingsunder section 478 or section 479, if––(a) the tax and interest payable as per the order of assessment or reassessment under section 270(10) or section 279, has been paid within theperiod specified in

A penalty of twenty-five thousand rupees shall be imposed on a person by the Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner(Appeals), if he fails to—(a) keep and maintain the books of account and other documents as per section 62 or the relevant rules, in respect of any tax year; or(b) retain such

(1) The Assessing Officer or Commissioner (Appeals) may impose a penalty of 2% of the value of each international transaction or specified domestictransaction entered into by a person, if in respect of such transaction he,—(a) fails to keep and maintain any such information and document as required by section 171(1);(b) fails to report such transaction

(1) The Assessing Officer or the Joint Commissioner (Appeals) or Commissioner (Appeals) may impose a penalty of 10% of the tax payable undersection 195(1)(i), on an assessee if the income determined in his case for any tax year includes any income referred to in section 102, 103, 104, 105 or 106.(2) The penalty under sub-section