2002 (12) TMI 66

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..... rightly held that the provision for penalty was not attracted. Moreover, the words "without reasonable cause" have been deleted from section 271B by the Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986, with effect from September 10, 1986. - - - - - Dated:- 17-12-2002 - Judge(s) : M. KATJU., YATINDRA SINGH. JUDGMENT This is an appeal under section 260A of the Income-tax Ac .....

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..... ) Act, 1986, with effect from September 10, 1986. In the relevant assessment year the aforesaid words were there and the assessee had given adequate explanation for the delay in submitting its audit report. The Commissioner of Income-tax (Appeals) has accepted the explanation of the assessee about reasonable cause for the delay. There is no force in this appeal. It is dismissed. - - TaxTMI - T .....

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