Reasonable cause prevents penalty where the taxpayer satisfies the assessing officer and is given a fair opportunity to be heard. Penalty relief is available where the assessee proves to the satisfaction of the Assessing Officer that failure to comply was due to reasonable cause, and ... Summary
Reasonable cause prevents penalty where the taxpayer satisfies the assessing officer and is given a fair opportunity to be heard.
Penalty relief is available where the assessee proves to the satisfaction of the Assessing Officer that failure to comply was due to reasonable cause, and no penalty order shall be made unless the assessee is given a reasonable opportunity of being heard.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
