Reasonable cause defense bars penalty for failures under specified clauses if the person proves reasonable cause. The Gift-tax Act amendment removes the words 'without reasonable cause' from subsection (1) of section 17 and inserts a proviso that in the cases referred to in clause (a) or clause (b) no penalty shall be imposed if the person proves there was reasonable cause for the failure, thereby preserving a reasonable cause defence limited to those specified clauses while maintaining the remaining penalty structure.
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 defense bars penalty for failures under specified clauses if the person proves reasonable cause.
The Gift-tax Act amendment removes the words "without reasonable cause" from subsection (1) of section 17 and inserts a proviso that in the cases referred to in clause (a) or clause (b) no penalty shall be imposed if the person proves there was reasonable cause for the failure, thereby preserving a reasonable cause defence limited to those specified clauses while maintaining the remaining penalty structure.
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