... in terms of section 76(1). © MCB UP Limited 2002 Section 76 of the Income Tax Act Additional Tax Remission of penalties Extenuating and mitigating circumstances The conduct of the taxpayer Can the conduct of the taxpayer affect the level of the penalty or sanction imposed in income tax...

...)(a). Key words Section 76(1) of the Income Tax Act Remission of penalties Extenuating circumstances Reliance on advisors 1 Introduction Many taxpayers rely on advisors, professional or otherwise, to manage their tax affairs. In spite of this reliance, taxpayers still find themselves in default...

..., of the “extenuating circumstances” that may be taken into account for the purposes of remission of penalties in terms of section 76(2)(a) of the Act. © MCB UP Limited 2001 Remission of penalties Extenuating circumstances Mitigating circumstances Mitigating circumstances The general meaning...