Waiver of Penalty u/s 273B ::


Last updated: 07 September 2007

Court :
HC

Brief :
Held by the court that on combined reading of the provisions of section 271D & 273B of the act,if the assessee shows "reasonable cause" for the failure to comply with the provision of the act,the Commissioner (Appeals) may in his order waive the penalty.

Citation :
C.I.T. Vs. Saini Medical Store

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