https://www.taxtmi.com/caselaws?id=69398 The Tribunal set aside the penalty imposed under Section 271B of the Income Tax Act, noting the need for further inquiries to determine if the delay in completing the audit was justified. The Income Tax Officer may re-examine the case and issue a fresh show-cause notice if any default is found. The appeal is treated as allowed for statistical purposes. en-us Tue, 26 Jun 1990 00:00:00 +0530 Wed, 06 Apr 2011 15:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69398 The Tribunal set aside the penalty imposed under Section 271B of the Income Tax Act, noting the need for further inquiries to determine if the delay in completing the audit was justified. The Income Tax Officer may re-examine the case and issue a fresh show-cause notice if any default is found. The appeal is treated as allowed for statistical purposes. Case-Laws Income Tax Tue, 26 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69398