https://www.taxtmi.com/acts?id=51005 The substituted proviso provides that if the assessee proves to the satisfaction of the Income-tax Officer that the default was for good and sufficient reasons, no penalty shall be levied under the provision, making penalty relief conditional on the assessee meeting the burden of proof before the Income-tax Officer. en-us Fri, 18 Apr 2025 17:48:06 +0530 Fri, 18 Apr 2025 17:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51005 The substituted proviso provides that if the assessee proves to the satisfaction of the Income-tax Officer that the default was for good and sufficient reasons, no penalty shall be levied under the provision, making penalty relief conditional on the assessee meeting the burden of proof before the Income-tax Officer. Act-Rules F. Acts / Amendment Acts Fri, 18 Apr 2025 17:48:06 +0530 https://www.taxtmi.com/acts?id=51005