https://www.taxtmi.com/caselaws?id=64726 The Tribunal upheld the cancellation of the penalty under section 271B of the IT Act, 1961, imposed on the assessee for failing to furnish the audit report along with the return of income. The penalty was canceled as the return filed did not fall under the specified sections requiring the audit report to be attached, thereby dismissing the penalty without the need to establish a reasonable cause for the delay in filing the return. en-us Tue, 19 May 1992 00:00:00 +0530 Wed, 09 Feb 2011 15:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64726 The Tribunal upheld the cancellation of the penalty under section 271B of the IT Act, 1961, imposed on the assessee for failing to furnish the audit report along with the return of income. The penalty was canceled as the return filed did not fall under the specified sections requiring the audit report to be attached, thereby dismissing the penalty without the need to establish a reasonable cause for the delay in filing the return. Case-Laws Income Tax Tue, 19 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64726