Court Highlights Need to Prove "Sufficient Cause" u/s 7(5) of OET Act to Avoid Tax Penalties.

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Full Text of the Document

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....Without Sufficient Cause - There is no ambiguity in holding that in the presence of the expression “without sufficient cause” in sub-section (5) of Section 7 of the OET Act and the petitioner(s) having justified by showing sufficient cause for failure to deposit amount of tax due along with the return, which cannot be treated as admitted tax in view of legal position contained in paragraph 30 of Reliance Industries Ltd. - HC....