Levy of penalty u/s.271B - belated submission of tax audit ...
Case Laws Income Tax
April 23, 2020
Levy of penalty u/s.271B - belated submission of tax audit report - Admittedly, tax audit report was filed alongwith return filed in response to show cause notice issued u/s.148 of the Act which means - No prejudice can said to have been caused for the Department on account of belated submission of tax audit report - No penalty - AT
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