https://www.taxtmi.com/caselaws?id=68346 The Tribunal dismissed the Revenue's appeal against the deletion of the penalty under section 271B for the assessment year 1991-92. The Tribunal upheld the cancellation of the penalty based on the argument that no notice specifically for the audit report was given, and the return was not considered defective. Additionally, the failure to furnish the audit report was attributed to the mistake of the counsel, deemed a reasonable cause by the Tribunal, leading to the dismissal of the Revenue's appeal. en-us Mon, 31 Jul 2000 00:00:00 +0530 Tue, 29 Mar 2011 13:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68346 The Tribunal dismissed the Revenue's appeal against the deletion of the penalty under section 271B for the assessment year 1991-92. The Tribunal upheld the cancellation of the penalty based on the argument that no notice specifically for the audit report was given, and the return was not considered defective. Additionally, the failure to furnish the audit report was attributed to the mistake of the counsel, deemed a reasonable cause by the Tribunal, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 31 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68346