Notice U/s. 271B - Non Submission of TAR

[AMRISH PATEL]

Dear All,

I have received Notice U/s. 271/B for non Submission of TAR of A Y 2013-14. Actually, the TAR was forgot to Submit online. What is remedy or Submission against the Said Notice? Whether penalty is Compulsory or it may be waived? Whether ITO has any power to reduce the penalty?

AI Summary

User advised to submit reply to Section 271B notice, attach Tax Audit Report, and request penalty waiver. A user received a notice under Section 271B for not submitting the Tax Audit Report (TAR) for the Assessment Year 2013-14, having forgotten to file it online. They inquired about possible remedies, whether the penalty is mandatory, and if the Income Tax Officer (ITO) can reduce the penalty. The response advised submitting a reply to the notice with the attached TAR, explaining the reasons for the non-filing, and requesting a waiver of the penalty.