https://www.taxtmi.com/caselaws?id=331750 The Tribunal ruled in favor of the assessee, canceling the penalty imposed under section 271B due to genuine health issues hindering the maintenance and audit of books of accounts. The decision emphasized the significance of considering reasonable causes for non-compliance and the impact of extenuating circumstances on meeting statutory requirements. en-us Tue, 26 Jul 2016 00:00:00 +0530 Thu, 01 Sep 2016 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331750 The Tribunal ruled in favor of the assessee, canceling the penalty imposed under section 271B due to genuine health issues hindering the maintenance and audit of books of accounts. The decision emphasized the significance of considering reasonable causes for non-compliance and the impact of extenuating circumstances on meeting statutory requirements. Case-Laws Income Tax Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331750