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2023 (8) TMI 1271 - AT - Income TaxPenalty u/s 271B - delay in filing tax audit report - as per assessee delay was due to change of auditor - HED THAT:- The assessee has placed the reasonable cause for delay in submission of the tax audit report u/s 44AB before the revenue authority. The assessee further produced that the delay, only for this impugned assessment year, not in any other assessment years. The assessee is not a habitual defaulter for filing the tax audit report. Therefore, the change of auditor is one of the valid reasons for delay in filing the tax audit report. There is a sufficient reason for delay in submitting the tax audit report before the authority. Accordingly, the penalty u/s 271B is liable to be deleted. Decided in favour of assessee.
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