Penalty not to be imposed in certain cases
170. (1) Notwithstanding anything contained in section 168 or section 169, no penalty shall be imposable for any failure referred to in the said sections, if the assessee 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 has been given a reasonable opportunity of being heard.
Notes on Clauses:
Clause 170 of the Bill provides that no penalty will be imposable under clause or clause, if the assessee proves that there was reasonable cause for the failure to comply with the provisions of the said clause.
