Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (6) TMI 386 - ITAT AMRITSARPenalty u/s 271B - delay filing of tax audit report contravening section 44AB - HELD THAT:- The assessee completed the tax audit within the due date. But the assessee filed the tax audit report before the authority with a delay which is contravening of section 44AB - assessee filed a proper reason for delay in filing tax audit report. In factual matrix the assessee was suffering a financial exigency with legal battel. This is a sufficient reason for delay in filing the tax audit report before the authority which follow the Section 273B of the Act. Accordingly, the penalty u/s 271B is quashed. Decided in favour of assessee.
|