Penalty not to be imposed in certain cases
Section 173 of the Finance Act, 2016 deals with penalty not to be imposed in certain cases. Penalty not to be imposed in certain cases. The Act was enacted on 27 Jun 2016.
Penalty not to be imposed in certain cases.
173.
(1) Notwithstanding anything contained in section 171 or section 172, no penalty shall be imposable for any failure referred to in the said sections, if the [assessee or e-commerce operator] proves to the satisfaction of the Assessing Officer that there was reasonable cause for the said failure.
(2) No order imposing a penalty under this Chapter shall be made unless the [assessee or e-commerce operator] has been given a reasonable opportunity of being heard.
1. Substituted for "assessee" by the Finance Act, 2020, w.e.f. 1-4-2020
Section 173, The Finance Act, 2016.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 173
What does Section 173 of the Finance Act deal with?
Section 173 of the Finance Act is headed "Penalty not to be imposed in certain cases". Penalty not to be imposed in certain cases.
How do I find court cases under Section 173 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2016 173, section 173 Finance Act 2016, section 173 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 173 of the Finance Act, and has it changed?
Its own text turns on section 171 (Penalty for failure to deduct or pay equalisation levy), section 172 (Penalty for failure to furnish statement), so none of them can safely be read on its own.
When was Section 173 of the Finance Act enacted?
Section 173 of the Finance Act, cited as Finance Act 2016 173, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
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