Penalty provision: omission of 'without reasonable cause' from section 272B(1) removes an express qualifier for liability. The amendment deletes the words "without reasonable cause" from subsection (1) of the specified penalty provision, removing the express textual qualifier ... Summary
Penalty provision: omission of 'without reasonable cause' from section 272B(1) removes an express qualifier for liability.
The amendment deletes the words "without reasonable cause" from subsection (1) of the specified penalty provision, removing the express textual qualifier that had conditioned liability; the change is a confined textual omission effected by the taxation amendment act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.