Section 273B - Penalty not to be imposed in certain cases - Income-tax Act, 1961

1 [Penalty not to be imposed in certain cases. 273B. Notwithstanding anything contained in the provisions of 2 [clause ( b ) of sub-section (1) of] 3 [section 271, section 271A, 4 [section 271AA,] section 271B 5 [, section 271BA], 6 [section 271BB,] section 271C, 7 [section 271CA, ] section 271D, section 271E, 8 [section 271F, 9 [section 271FA,] 21 [ section 271FAA, ] 11 [ 17 [section 271FAB, section 271FB, section 271G, section 271GA,] 19 [section 271GB,] 22 [ section 271GC, ] 16 [ section 271H]]] 18 [section 271-I,] 20 [ 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 12 [section 272B or] 13 [sub-section (1) 14 [or sub-section (1A)] of section 272BB or] 15 [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.] ---------------------------- Notes :- 1. Inserted by the Taxation Laws (Amendment Miscellaneous Provisions) Act, 1986, w.e.f. 10-9-1986. 2. Inserted by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989. 3. Substituted for section 270, clause (a) or 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 by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. 4. Inserted by the Finance Act, 2001, w.e.f. 1-4-2002. 5. Inserted by the Finance Act, 2001, w.e.f. 1-4-2002. 6. Inserted by the Finance Act, 1990, w.e.f. 1-4-1990. 7. Inserted by the Finance Act, 2006, w.e.f. 1-4-2007. 8. Inserted by the Finance Act, 1997, w.e.f. 1-4-1997. 9. Inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005. 10. Inserted by the Finance Act, 2005, w.e.f. 1-4-2006. 11. Inserted by the Finance Act, 2001, w.e.f. 1-4-2002. 12. Inserted by the Finance Act, 2002, w.e.f. 1-6-2002. 13. Inserted by the Finance Act, 1987, w.e.f. 1-6-1987. 14. Inserted by the Finance Act, 2006, w.e.f. 1-6-2006. 15. Inserted by the Finance Act, 2002, w.e.f. 1-6-2002. 16. Inserted vide Finance Act, 2012, w.e.f. 01 -07-2012. 17. Substituted vide THE FINANCE ACT, 2015 w.e.f. 1st day of April, 2016, before it was read as, 10 [section 271FB,] section 271G, 18. Inserted vide THE FINANCE ACT, 2015 w.e.f. 1st day of June, 2015 19. Inserted vide THE FINANCE ACT, 2016 w.e.f. 1st day of April, 2017. 20. Inserted vide THE FINANCE ACT, 2017 w.e.f. 1st day of April, 2018 21. Inserted vide Section 82 of the Finance (No. 2) Act, 2024 dated 16-08-2024 w.e.f. 01-10-2024 22. Inserted vide Section 82 of the Finance (No. 2) Act, 2024 dated 16-08-2024 w.e.f. 01-04-2025