Removal of reasonable cause requirement in section 272AA alters the statutory phrasing for penalties under the Income tax Act. Amendment of section 272AA deletes the words ", without reasonable cause," from sub section (1) of the Income tax Act by the Taxation Laws (Amendment & ... Summary
Removal of reasonable cause requirement in section 272AA alters the statutory phrasing for penalties under the Income tax Act.
Amendment of section 272AA deletes the words ", without reasonable cause," from sub section (1) of the Income tax Act by the Taxation Laws (Amendment & Miscellaneous Provisions) Act, 1986, effecting a textual omission in the provision's subsection (1) without adding other qualifying language.
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