Notification No. 134/2026, dated 8 October 2026, notifies the Income-tax (Sixth Amendment) Rules, 2026. The amendment updates rule 231 and substitutes Form 161 with a revised application for seeking waiver of penalty under section 440(2) of the Income-tax Act, 2025.
The revised form contains information about the applicant, relevant assessment or reassessment order, tax and interest payable, additional income-tax and amounts deposited. It also contains a verification and declaration relating to appeal proceedings.
The notification provides that the amendment takes effect on publication in the Official Gazette. Readers should refer to the actual notification and prescribed form for eligibility and filing requirements.