Penalty u/s. 271B - delay of 1 day in filing the tax audit ...

Income Tax

July 8, 2023

Penalty u/s. 271B - delay of 1 day in filing the tax audit report - There is no deliberate intention on the part of the assessee, nor could the conduct of the assessee be regarded as to breach the provision of the law. The delay if any is on account the reasons on the technical letches on the portal and the same is venial in nature based on the provision of the Act the penalty levied u/s 271B is not justified - AT

 

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