2022 (6) TMI 548

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..... referred by the assessee emanates from order of the ld. Commissioner of Income Tax (Appeals)- 7, Pune, dated 08-01-2019 for A.Y. 2014-15 as per the grounds of appeal on record. 2. None appeared on behalf of the assessee. The submissions of the ld. D.R are recorded and the case is heard on merits as per the relevant materials and records. 3. The assessee is engaged in the wholesale trading of foo .....

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..... ed penalty u/s 271B of the Act for noncompliance of the provisions of sec. 44AB of the Act. That during the appellate proceedings before the ld. CIT(A) the assessee had explained the reasons for delay in filing the audit report. He has stated that the accountant who was looking into the records of accounts was admitted in the hospital and even the Doctor‟s certificate was also enclosed and s .....

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..... f sec. 44AB of the Act. The reasons are definitely such that they were beyond the control of the assessee and since the Income-tax Act is a welfare legislation the practical difficulties of the tax payers assessee and the bonafide nature has to be considered. In this case, the assessee had even submitted the Doctor‟s Certificate under whose treatment the accountant was admitted in the hospit .....

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