https://www.taxtmi.com/caselaws?id=210789 The court upheld the penalty imposed on the petitioner under Section 271B of the Income-tax Act for delay in filing the audit report. Despite the petitioner's explanation attributing the delay to their accountant's misconduct, the court found the lack of evidence supporting this claim. Emphasizing the petitioner's duty to ensure timely filing and the significant delay of almost eight months, the court deemed the petitioner's conduct contumacious, justifying the penalty imposition of Rs. 44,831/-. The court dismissed the writ petition due to the petitioner's failure to provide adequate evidence and establish a valid reason for the delay. en-us Wed, 27 Jul 2011 00:00:00 +0530 Wed, 22 Feb 2012 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210789 The court upheld the penalty imposed on the petitioner under Section 271B of the Income-tax Act for delay in filing the audit report. Despite the petitioner's explanation attributing the delay to their accountant's misconduct, the court found the lack of evidence supporting this claim. Emphasizing the petitioner's duty to ensure timely filing and the significant delay of almost eight months, the court deemed the petitioner's conduct contumacious, justifying the penalty imposition of Rs. 44,831/-. The court dismissed the writ petition due to the petitioner's failure to provide adequate evidence and establish a valid reason for the delay. Case-Laws Income Tax Wed, 27 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210789