https://www.taxtmi.com/caselaws?id=13945 Penalty was found unwarranted for alleged failure to get accounts audited and delay in filing the return. The accounts had already been audited before the specified date, and the audit report was not required to be filed with the return at the relevant time. The delay in filing was also explained by the accountant's sickness, and that explanation was accepted. On these facts, no basis for imposing penalty was made out, and the Revenue's challenge failed. en-us Mon, 09 Jul 2001 00:00:00 +0530 Mon, 03 May 2010 01:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13945 Penalty was found unwarranted for alleged failure to get accounts audited and delay in filing the return. The accounts had already been audited before the specified date, and the audit report was not required to be filed with the return at the relevant time. The delay in filing was also explained by the accountant's sickness, and that explanation was accepted. On these facts, no basis for imposing penalty was made out, and the Revenue's challenge failed. Case-Laws Income Tax Mon, 09 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13945