https://www.taxtmi.com/highlights?id=70227 Penalty u/s 271(1)(b) - failure to sign on the so called "Consent Letter" which is not an authorized form notified by the Government - In the context of section 273B of the Act, the expression "reasonable cause" has been explained to mean a cause which prevents a man of ordinary prudence and average intelligence, acting under normal circumstances, without negligence or inaction or want of bona fide. - Levy of penalty deleted - AT en-us Fri, 09 Jun 2023 11:22:05 +0530 Fri, 09 Jun 2023 11:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70227 Penalty u/s 271(1)(b) - failure to sign on the so called "Consent Letter" which is not an authorized form notified by the Government - In the context of section 273B of the Act, the expression "reasonable cause" has been explained to mean a cause which prevents a man of ordinary prudence and average intelligence, acting under normal circumstances, without negligence or inaction or want of bona fide. - Levy of penalty deleted - AT Highlights Income Tax Fri, 09 Jun 2023 11:22:05 +0530 https://www.taxtmi.com/highlights?id=70227