Punishment not to be imposed in certain cases
Notwithstanding anything contained in the provisions of section 276A, section 276AB, or section 276B, 69-70[or section 276BB] no person shall be punishable for any failure referred to in the said provisions if he proves that there was reasonable cause for such failure.
CA Bhuvnesh Goyal
Partner
CA Bhuvnesh Goyal is a Chartered Accountant with expertise in taxation, finance, and business compliance. He shares practical insights to help readers navigate complex financial matters with ease.