Reasonable cause bars imposition of penalty under specified income-tax penalty provisions if proved by the taxpayer. Insertion of section 273B provides that no penalty shall be imposable on a person or the assessee for failures under the specified penalty provisions if he proves that there was reasonable cause for the said failure; the provision operates notwithstanding the listed penalty sections and places the onus on the person or assessee to establish reasonable cause.
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.
Reasonable cause bars imposition of penalty under specified income-tax penalty provisions if proved by the taxpayer.
Insertion of section 273B provides that no penalty shall be imposable on a person or the assessee for failures under the specified penalty provisions if he proves that there was reasonable cause for the said failure; the provision operates notwithstanding the listed penalty sections and places the onus on the person or assessee to establish reasonable cause.
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