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Waiver of penalty for past period

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Querist : Anonymous (Querist)
08 January 2014
What is mean Waiver of penalty for past period
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CA Vikas Acharya

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CA Vikas Acharya (Expert)
08 January 2014 allowing not to pay the penalty.
this can be done Only by the COMMISSIONER and done only in few situations mentioned in law after reasonable justification provided for non payment

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