Penalty u/s 271B - failure to file audit report on due date - ...

February 22, 2023

Case Laws Income Tax AT

Penalty u/s 271B - failure to file audit report on due date - penalty levied u/s 271B cannot be levied for the reason that there was a failure on the part of the assessee to obtain tax audit report was on account of a bona fide reason of crashing the compute data and thus has to rewrite the same. The revenue could not show that the belief of the assessee was mala fide. - AT

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Penalty u/s 271B - failure to file audit report on due date - ...

February 22, 2023

Case Laws Income Tax AT

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