Penalty u/s 271B canceled as audit report submitted during proceedings; accounts were audited and taxes paid timely.

Penalty u/s 271B canceled as audit report submitted during proceedings; accounts were audited and taxes paid timely. https://www.taxtmi.com/highlights?id=30812 Penalty u/s. 271B - Failure to get accounts audited - assessee has filed the audit report before the AO during the course of penalty proceedings, got his accounts audited, paid the tax and filed the return of income much before the specified date - penalty cancelled - AT en-us Wed, 17 Aug 2016 09:08:10 +0530 Wed, 17 Aug 2016 09:08:10 +0530 TaxTMI RSS Generator Penalty u/s 271B canceled as audit report submitted during proceedings; accounts were audited and taxes paid timely. https://www.taxtmi.com/highlights?id=30812 Penalty u/s. 271B - Failure to get accounts audited - assessee has filed the audit report before the AO during the course of penalty proceedings, got his accounts audited, paid the tax and filed the return of income much before the specified date - penalty cancelled - AT Highlights Income Tax Wed, 17 Aug 2016 09:08:10 +0530 https://www.taxtmi.com/highlights?id=30812