273B Income Tax Act - Penalty not to be imposed in certain cases

Section 273b of Income Tax Act 1961 - Penalty not to be imposed in certain cases

1Notwithstanding anything contained in the provisions of 2 clause (b) of sub-section (1) of 3 section 271, section 271A 4 , section 271AA, section 271B, 4 section 271BA, 5 section 271BB, 6 section 271C, section 271CA, section 271D, section 271E, 7 section 271F, 8 section 271FA, 9 section 271FAB, section 271FB, section 271G, section 271GA, 10section 271GB, 11section 271H, 12section 271-I, 13section 271J, clause (c) or clause (d) of subsection (1) or sub-section (2) of section 272A, sub-section (1) of section 272AA or 14 15section 272B or 16sub-section (1) or sub-section (1A) of 17section 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.
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1. Ins. by Act 46 of 1986, s. 26 (w.e.f. 10-9-1986).
2. Ins. by Act 3 of 1989, s. 57 (w.e.f. 1-4-1989).
3. Subs. by Act 4 of 1988, s. 114 for section 270, clause (a) and clause (b) of sub-section (1) of section 271, section 271A, section 271B, sub-section (2), of section 272A, sub-section (1) of section 272AA, sub-section (1) of section 272B (w.e.f. 1-4-1989).
4. Ins. by Act 14 of 2001, s. 94 (w.e.f. 1-4-2002).
5. Ins. by Act 12 of 1990, s. 50 (w.e.f. 1-4-1990).
6. Subs. by Act 21 of 2006, s. 55, for section 271C (w.e.f. 1-4-2007).
7. Subs. by Act 23 of 2004, s. 59, for section 271F (w.e.f. 1-4-2005).
Earlier the quoted words were inserted by 26 of 1997, s. 55 (w.e.f. 1-4-1997).
8. Subs by Act 18 of 2005, s. 61, for section 271FA (w.e.f. 1-4-2006).
9. Subs. by Act 20 of 2015, s. 77, for section 271FB, section 271G (w.e.f. 1-4-2016).
Earlier section 271G inserted by Act 14 of 2001, s. 94 (w.e.f. 1-4-2002).
10. Ins. by Act 28 of 2016, s. 108 (w.e.f. 1-4-2017).
11. Ins. by Act 23 of 2012, s. 105 (w.e.f. 1-7-2012).
12. Ins. by Act 20 of 2015, s. 77 (w.e.f. 1-6-2015).
13. Ins. by Act 7 of 2017, s. 88 (w.e.f. 1-4-2017).
14. Subs. by Act 11 of 1987, s. 69, for section 272B or (w.e.f. 1-4-1987).
15. Ins. by Act 20 of 2002, s. 106 (w.e.f. 1-6-2002).
16. Subs. by Act 21 of 2006, s. 55 for sub-section (1) of section 272BB (w.e.f. 1-6-2006).
17. Subs. by Act 20 of 2002, s. 106 for section 272BB or (w.e.f. 1-6-2002).