{"id":56333,"date":"2025-08-28T15:22:53","date_gmt":"2025-08-28T09:52:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=articles&#038;p=56333"},"modified":"2025-08-28T15:22:53","modified_gmt":"2025-08-28T09:52:53","slug":"corresponding-analysis-of-penalty-provisions-under-the-income-tax-act-2025","status":"publish","type":"articles","link":"https:\/\/itatonline.org\/digest\/articles\/corresponding-analysis-of-penalty-provisions-under-the-income-tax-act-2025\/","title":{"rendered":"CORRESPONDING ANALYSIS OF PENALTY PROVISIONS UNDER THE INCOME TAX  ACT,  2025"},"content":{"rendered":"<p><strong><u>Chapter XXI \u2013 Penalties (Income-tax Act, 2025)<\/u><\/strong><\/p>\n<p>The Income-tax Act, 2025, replaces the Income-tax Act of 1961. Chapter XXI is the segment dedicated to penalties, making provisions for penal consequences arising from non-compliance with various tax requirements. It lays down the consequences for defaults such as failure to furnish returns, concealment of income, furnishing inaccurate particulars, or violation of procedural requirements. A key reform is the substitution of Section 275, which now provides a clear limitation period for passing penalty orders\u2014calculated from the date of issue of the penalty notice, with a six-month cap from the end of the relevant quarter. Further, powers to impose penalties, earlier vested in the Joint Commissioner, have been delegated to Assessing Officers for quicker and more efficient administration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chapter XXI \u2013 Penalties (Income-tax Act, 2025) The Income-tax Act, 2025, replaces the Income-tax Act of 1961. Chapter XXI is the segment dedicated to penalties, making provisions for penal consequences arising from non-compliance with various tax requirements. It lays down the consequences for defaults such as failure to furnish returns, concealment of income, furnishing inaccurate particulars, or violation of procedural requirements. A key reform is the substitution of Section 275, which now provides a clear limitation period for passing penalty orders\u2014calculated from the date of issue of the penalty notice, with a six-month cap from the end of the relevant quarter. Further, powers to impose penalties, earlier vested in the Joint Commissioner, have been delegated to Assessing Officers for quicker and more efficient administration.<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/articles\/corresponding-analysis-of-penalty-provisions-under-the-income-tax-act-2025\/\">read more<\/a><\/p>","protected":false},"featured_media":56354,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false},"articles_category":[12],"class_list":["post-56333","articles","type-articles","status-publish","has-post-thumbnail","hentry","articles_category-income-tax-law"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/articles\/56333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/articles"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/articles"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=56333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media\/56354"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=56333"}],"wp:term":[{"taxonomy":"articles_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/articles_category?post=56333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}