General discipline relating to penalty [ Section 126 ]

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..... ectifiable and made without fraudulent intent or gross negligence. For the purpose of this sub-section, a breach shall be considered a minor breach , if the amount of tax involved is less than five thousand rupees; an omission or mistake in documentation shall be considered to be easily rectifiable, if the same is an error apparent on the face of record . As per section 126(2),(3) (4) The followin .....

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..... er this Act the circumstances of a breach of the tax law, regulation or procedural requirement prior to the discovery of the breach by the officer under this Act, the proper officer may consider this fact as a mitigating factor when quantifying a penalty for that person. As per section 126(6) No Provision in respect to penalty shall apply in case of specified amount of penalty 5. The provisions of .....

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