https://www.taxtmi.com/circulars?id=4823 The Board directs that penalty proceedings for failure to comply with the audit obligation should not be initiated in the transitional year where the prescribed audit report is obtained by the Board's extended deadline and self assessment tax is paid within the normal return filing period, noting the recent notification of the procedural rule and practical difficulties in meeting the original specified date. en-us Wed, 19 Jun 1985 00:00:00 +0530 Mon, 04 Aug 2008 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4823 The Board directs that penalty proceedings for failure to comply with the audit obligation should not be initiated in the transitional year where the prescribed audit report is obtained by the Board's extended deadline and self assessment tax is paid within the normal return filing period, noting the recent notification of the procedural rule and practical difficulties in meeting the original specified date. Circulars Income Tax Wed, 19 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4823