Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>No penalty for failures under Sections 15-18 of Expenditure-tax Act, 1987 if reasonable cause is proven.</h1> No penalty will be imposed on an assessee for failures mentioned in sections 15, 16, 17, or 18 of the Expenditure-tax Act, 1987, if the assessee can demonstrate a reasonable cause for such failures. This provision overrides the penalty stipulations in the aforementioned sections, offering a defense for those who can justify their non-compliance.
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