Reasonable cause bars penalty for covered compliance failures, subject to proving cause to the Assessing Officer and a hearing. Clause 117 provides that penalties under the specified provisions will not be imposed if the assessee proves to the satisfaction of the Assessing Officer ... Summary
Reasonable cause bars penalty for covered compliance failures, subject to proving cause to the Assessing Officer and a hearing.
Clause 117 provides that penalties under the specified provisions will not be imposed if the assessee proves to the satisfaction of the Assessing Officer that there was reasonable cause for the failure; and that no penalty order under the Chapter shall be made unless the assessee has been given a reasonable opportunity of being heard.
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