KAR SATHI · VISUAL GUIDE
Receiving an income-tax assessment order can be stressful, especially when it is followed by possible penalty or prosecution proceedings. In eligible.
01 · FROM THE GUIDE
Form 161 Penalty Waiver: Revised 2026 Form, Eligibility and Filing Checklist
Receiving an income-tax assessment order can be stressful, especially when it is followed by possible penalty or prosecution proceedings. In eligible cases, however, a.
02 · FROM THE GUIDE
Particular | Details
Form | Form 161
03 · FROM THE GUIDE
Form 161 is the prescribed application through which an eligible taxpayer can request immunity under Section 440 of the Income-tax Act, 2025.
04 · FROM THE GUIDE
Imposition of the specified penalty under Section 439; and
Initiation of specified prosecution proceedings under Sections 478 or 479.
05 · FROM THE GUIDE
The Income-tax Act, 2025 came into effect from 1 April 2026 and introduced new section numbers, procedures and forms.
Form 161 was originally prescribed under Rule 231 of the Income-tax Rules, 2026 for an application under Section 440. CBDT subsequently issued Notification No. 134/2026.
06 · FROM THE GUIDE
An assessee against whom a qualifying assessment order has been passed may consider filing Form 161 if the conditions under Section 440 are satisfied.
07 · FROM THE GUIDE
The assessment order is covered by the relevant provision;
The tax and interest payable according to the assessment order have been paid within the permitted period;
08 · FROM THE GUIDE
The principal conditions commonly associated with Section 440 include the following.
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