https://www.taxtmi.com/caselaws?id=190853 The Tribunal overturned the penalty imposed under section 271B for failure to furnish a Tax Audit Report by the specified date, considering the delay beyond the assessee's control due to statutory audit requirements. The Tribunal deemed the delay technical and not deliberate, as the report was eventually filed with the income return. Consequently, the penalty was cancelled, and the appeal of the assessee was allowed. en-us Fri, 03 Jun 2016 00:00:00 +0530 Sat, 04 Mar 2017 18:46:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190853 The Tribunal overturned the penalty imposed under section 271B for failure to furnish a Tax Audit Report by the specified date, considering the delay beyond the assessee's control due to statutory audit requirements. The Tribunal deemed the delay technical and not deliberate, as the report was eventually filed with the income return. Consequently, the penalty was cancelled, and the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190853