127. Power to impose penalty in certain cases
Where the proper officer is of the view that a person is liable to a penalty and the same is not covered under any proceedings under section 62 or section 63 or section 64 or section 73 or section 74 1[or section 74A]1 or section 129 or section 130, he may issue an order levying such penalty after giving a reasonable opportunity of being heard to such person.
1. Inserted (w.e.f. 01-11-2024) vide Section 145 of the Finance Act (No.2), 2024 dated 16-08-2024.
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