https://www.taxtmi.com/caselaws?id=68377 The Tribunal upheld the penalty imposed under section 271B in one appeal for failure to file the audit report promptly without a reasonable cause, while deleting the penalty in another appeal due to a marginal delay of nine days with an admitted mistake. The first appeal for the assessment year 1996-97 saw the penalty deleted, whereas the second appeal for the assessment year 1995-96 upheld the penalty due to an unexplained delay of over 10 months in filing the audit report. The decisions were based on the specific circumstances and explanations provided in each case. en-us Tue, 31 Jul 2001 00:00:00 +0530 Tue, 29 Mar 2011 16:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68377 The Tribunal upheld the penalty imposed under section 271B in one appeal for failure to file the audit report promptly without a reasonable cause, while deleting the penalty in another appeal due to a marginal delay of nine days with an admitted mistake. The first appeal for the assessment year 1996-97 saw the penalty deleted, whereas the second appeal for the assessment year 1995-96 upheld the penalty due to an unexplained delay of over 10 months in filing the audit report. The decisions were based on the specific circumstances and explanations provided in each case. Case-Laws Income Tax Tue, 31 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68377