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2018 (5) TMI 1889 - AT - Income TaxPenalty u/s 271BA - delay in filing uploaded audit report prescribed U/s 92E - HELD THAT:- Assessee has filed audit report during the course of assessment proceedings itself, therefore, applying the proposition of law laid down in JJ. EXPORTERS LTD [2011 (1) TMI 1052 - ITAT, KOLKATA] and RAVI KUMAR RAWAT [2010 (9) TMI 935 - ITAT JAIPUR] no justification for levying of penalty U/s 271BA of the Act, therefore, the same is deleted. - Decided in favour of assessee.
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