Amendment of section 18

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ut reasonable cause", wherever they occur, shall be omitted; (b) in sub-section (1),- (i) after clause (iii) and before Explanation 1, the following proviso shall be inserted, namely :- "Provided that in the cases referred to in clause (a) or clause (b), no penalty shall be imposable if the person proves that there was reasonable cause for the failure referred to in those clauses."; (ii) i....