Reasonable cause prevents penalty imposition for certain tax compliance failures where proven by the assessee. Clause 470 provides that no penalty shall be imposed on a person or assessee for the listed failures if the person proves that there was reasonable cause ... Summary
Reasonable cause prevents penalty imposition for certain tax compliance failures where proven by the assessee.
Clause 470 provides that no penalty shall be imposed on a person or assessee for the listed failures if the person proves that there was reasonable cause for the failure, functioning as a statutory defence to the specified penalty provisions.
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