https://www.taxtmi.com/manuals?id=1382 Section 273B bars imposition of penalty for specified income tax failures if the person proves there was reasonable cause. The onus lies on the assessee to show reasonable cause for not complying with a notice to produce books under section 142(1); the revenue need not prove deliberate non compliance. Penalties remain leviable despite reasonable cause in limited instances, including refusal to answer or sign statements when legally bound and penalties for income found during searches that is not recorded or disclosed. en-us Fri, 08 Jan 2016 16:50:00 +0530 Thu, 22 Aug 2024 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1382 Section 273B bars imposition of penalty for specified income tax failures if the person proves there was reasonable cause. The onus lies on the assessee to show reasonable cause for not complying with a notice to produce books under section 142(1); the revenue need not prove deliberate non compliance. Penalties remain leviable despite reasonable cause in limited instances, including refusal to answer or sign statements when legally bound and penalties for income found during searches that is not recorded or disclosed. Manuals Income Tax Fri, 08 Jan 2016 16:50:00 +0530 https://www.taxtmi.com/manuals?id=1382