Penalty waiver for default: taxpayer proving good and sufficient reasons prevents levy of penalty under section 221. The substituted proviso provides that if the assessee proves to the satisfaction of the Income-tax Officer that the default was for good and sufficient reasons, no penalty shall be levied under the provision, making penalty relief conditional on the assessee meeting the burden of proof before the Income-tax Officer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty waiver for default: taxpayer proving good and sufficient reasons prevents levy of penalty under section 221.
The substituted proviso provides that if the assessee proves to the satisfaction of the Income-tax Officer that the default was for good and sufficient reasons, no penalty shall be levied under the provision, making penalty relief conditional on the assessee meeting the burden of proof before the Income-tax Officer.
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