CBDT revises Form 161 for penalty-waiver applications
Notification 134/2026 substitutes Form 161 for applications seeking waiver of penalty under section 440(2) of the Income-tax Act, 2025.
CBDT has notified the Income-tax (Sixth Amendment) Rules, 2026. The amendment changes rule 231 and replaces Form 161, the application for seeking waiver of penalty under section 440(2) of the Income-tax Act, 2025.
The revised form captures personal information, the assessment or reassessment order, relevant tax year, demand-payment dates, tax and interest, additional income-tax in lieu of penalty, and challan details. Its verification also includes declarations concerning appeals.
This is a change to the prescribed application form. Eligibility and payment conditions must be assessed under the applicable law and the specific order.
WHAT TO DO NEXT
Practical action
Use the revised Form 161 where applicable. Reconcile the order, demand and payment details, and check the statutory eligibility and appeal conditions before filing.
This summary is general information. Read the original publication and check subsequent amendments before acting. For advice on your specific facts, consult our office.
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