Waiver of Penalty u/s 273B

Last updated: 10 July 2008

Court :

Brief :
Case Fact: Whether the Commissioner (Appeals) has power to waive the penalty imposed u/s271D.

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

Decision: 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.

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CA. A. Kumar

Published in Income Tax
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