Tax Audit Report Penalty Waived if Filed Before Assessment Completion, No Malicious Intent Suspected u/s 271B.

Penalty levied u/s 271B - failure to file the tax audit report within due date - when the Tax Audit Report was made available to the Assessing Officer before completion of assessment proceedings, then for venial technical breach without any mala fide intention, penalty cannot be levied u/s 271B - AT .....

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