Penalty protection for reasonable cause extended to failures under section 271GB, applying from assessment year 2017-18 onwards. The amendment inserts a reference to section 271GB into section 273B so that penalties under section 271GB are subject to the existing reasonable-cause defence in section 273B. This change takes effect from 1 April 2017 and applies to the assessment year 2017-2018 and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Penalty protection for reasonable cause extended to failures under section 271GB, applying from assessment year 2017-18 onwards.
The amendment inserts a reference to section 271GB into section 273B so that penalties under section 271GB are subject to the existing reasonable-cause defence in section 273B. This change takes effect from 1 April 2017 and applies to the assessment year 2017-2018 and subsequent years.
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