close

Penalty not to be imposed in certain cases.

273B. Notwithstanding anything contained in the provisions of clause (b) of sub- section (1) of section 271section 271Asection 271AA, section 271Bsection 271BAsection 271BBsection 271Csection 271CAsection 271Dsection 271Esection 271Fsection 271FA2. [section 271FAA] section 271FABsection 271FBsection 271Gsection 271GAsection 271GB2. [section 271GC] section 271Hsection 271-I1[section 271J,] clause (c) or clause (d) of sub-section (1) or sub-section (2) of section 272A, sub-section (1) of section 272AA or section 272B or sub-section (1) or sub-section (1A) of section 272BB or sub-section (1) of section 272BBB or clause (b) of sub-section (1) or clause (b) or clause (c) of sub-section (2) of section 273, no penalty shall be imposable on the person or the assessee, as the case may be, for any failure referred to in the said provisions if he proves that there was reasonable cause for the said failure.

 

 

Note:

1. Ins. by the Finance Act, 2017 (w.e.f. 1-4-2017).

 

2. Inserted by Finance Bill 2024 dated  07.08.2024 w.e.f 01.10.2024