New Delhi, the 12th January, 2021
S.O. 118(E).—In exercise of the powers conferred by sub-section (2B) of section 274 of the Income-tax Act, 1961 (43 of 1961), for the purposes of giving effect to the Faceless Penalty Scheme, 2021 made under sub-section (2A) of section 274 of the said Act, the Central Government hereby makes the following directions, namely:__
- 1. The provisions of section 2, section 120, section 127, section 129, section 131, section 133, section 133C, section 136 and Chapter XXI of the said Act shall apply to the procedure for imposing penalty in accordance with the said Scheme subject to the following exceptions, modifications and adaptations, namely:—
- “(A).(1) The penalty shall be levied under the said Scheme asper the following procedure, namely:––
- (i)where any income-tax authority or the National Faceless Assessment Centre has, in a case,—
(a)initiated penalty proceedings and issued a show-cause notice for imposition of penalty; or - (b)recommended initiation of penalty proceedings
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