TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>No Penalty Under Finance Act 2005 if Reasonable Cause Shown; Assessees Must Be Heard Before Penalty Orders</h1> Section 105 of the Finance Act, 2005, concerning the Banking Cash Transaction Tax, states that no penalty shall be imposed for failures under sections 102, 103, or 104 if the assessee demonstrates a reasonable cause for the failure. Additionally, it mandates that no penalty order can be issued without providing the assessee a reasonable opportunity to be heard.
TaxTMI 
