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of <h1>No Penalty Under Income-tax Act If Reasonable Cause Is Proven for Failure to Comply</h1> No penalty shall be imposed under various specified sections and clauses of the Income-tax Act, 1961, for any failure if the person or assessee proves that there was a reasonable cause for such failure. This provision overrides the penalties mentioned in numerous sections related to income tax violations, ensuring protection from penalties when reasonable cause is demonstrated.
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