https://www.taxtmi.com/caselaws?id=192670 The appeal against the penalty imposed under Section 271B of the Income Tax Act, 1961 for not electronically filing the audit report under Section 44AB was successful. The ITAT found that the auditor's failure to upload the report electronically was due to a genuine human error, not a deliberate attempt to evade the law. As the accounts were audited on time and there was no dishonest intent, the penalty was deleted, emphasizing the importance of considering bonafide mistakes in tax compliance matters. en-us Tue, 27 Dec 2016 00:00:00 +0530 Sat, 10 Jun 2017 10:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192670 The appeal against the penalty imposed under Section 271B of the Income Tax Act, 1961 for not electronically filing the audit report under Section 44AB was successful. The ITAT found that the auditor's failure to upload the report electronically was due to a genuine human error, not a deliberate attempt to evade the law. As the accounts were audited on time and there was no dishonest intent, the penalty was deleted, emphasizing the importance of considering bonafide mistakes in tax compliance matters. Case-Laws Income Tax Tue, 27 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192670