Removal of 'without reasonable excuse' from penalty provision narrows fault threshold and alters penalty imposition under income-tax rules. The amendment deletes the phrase "without reasonable excuse" from section 270 of the Income-tax Act, changing the statutory fault standard for imposing ... Summary
Removal of 'without reasonable excuse' from penalty provision narrows fault threshold and alters penalty imposition under income-tax rules.
The amendment deletes the phrase "without reasonable excuse" from section 270 of the Income-tax Act, changing the statutory fault standard for imposing penalties and altering the criterion officials must apply when determining penal liability under that provision.
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