https://www.taxtmi.com/caselaws?id=71036 The assessee had a reasonable cause for the delay in obtaining audit reports for the assessment years 1987-88 and 1988-89 due to the illness and death of key personnel. The penalties under section 271B of the Income Tax Act were found unjustified, and the orders cancelling the penalties were confirmed, as the assessee proved the existence of reasonable cause under section 273B. en-us Thu, 12 Jun 1997 00:00:00 +0530 Fri, 21 Jun 2013 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71036 The assessee had a reasonable cause for the delay in obtaining audit reports for the assessment years 1987-88 and 1988-89 due to the illness and death of key personnel. The penalties under section 271B of the Income Tax Act were found unjustified, and the orders cancelling the penalties were confirmed, as the assessee proved the existence of reasonable cause under section 273B. Case-Laws Income Tax Thu, 12 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71036