Section 486 — Punishment not to be imposed in certain cases
Old Act equivalent: Section 278AA of IT Act 1961 Sub-part: B—Offences and Prosecution
Statutory Text
- No person shall be punishable for any failure referred to in section 476 or 477, irrespective of anything contained in that section, if he proves that there was reasonable cause for such failure. Offences by companies.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Person who proves reasonable cause for failure.
- Conditions: No punishment for offence under specified sections if person proves there was reasonable cause.
- Time limits: None.
- Monetary limits: None.
- Exceptions: Applies to offences under sections 476, 477, and other specified sections.
Cross-References
Amendment Notes
None noted from the extracted pages.