alleryStart learning →Under Section 126(5), voluntary disclosure of a breach before its discovery is
AAn aggravating factor
BA mitigating factor
CGrounds for prosecution
DTreated as no factor
Answer & Solution
Correct answer: B. A mitigating factor
The proper officer may consider prior voluntary disclosure as a mitigating factor when quantifying the penalty.
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Related questions
While imposing a penalty, the order must specifyAn omission is 'easily rectifiable' under Section 126 if it isSection 126(2) says the penalty imposed should beSection 126 does not apply where the penalty isUnder Section 126(3), no penalty may be imposed withoutUnder Section 126(1), a minor breach means tax involved is less thanFor discovery and inspection, the Advance Ruling Authority has the powers ofBefore declaring a ruling void under Section 104, the authority must