Ebizfiling
CBDT Notification No. 134/2026, dated 8 October 2026, revised Form 161 and amended Rule 231.
Taxpayers with eligible assessment or reassessment orders may seek penalty waiver under Section 440(2) of the Income-tax Act, 2025.
Provide PAN, tax year, order DIN, assessed income, under-reported income, demand details and payment information.
The form specifies 100% or 120% additional tax for the respective misreporting categories under Section 439(11).
Pay the required amount by the demand notice's due date. Applicants must declare that no appeal has been filed during the specified period.
No. Eligibility & applicable legal conditions must be reviewed before applying. Seek expert advice before choosing waiver.