https://www.taxtmi.com/caselaws?id=13997 Penalty under section 271B was not sustainable where the audit report under section 44AB had been obtained before the specified date and was filed with a return under section 139(4), even though not with the return under section 139(1), and no notice under section 142(1) had been issued. The Court followed its earlier decision on the same question and held that the assessee's compliance with the audit requirement was sufficient on the facts, so the penalty could not be upheld. The reference was answered in favour of the assessee. en-us Tue, 05 Dec 2000 00:00:00 +0530 Mon, 06 Jul 2009 18:09:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13997 Penalty under section 271B was not sustainable where the audit report under section 44AB had been obtained before the specified date and was filed with a return under section 139(4), even though not with the return under section 139(1), and no notice under section 142(1) had been issued. The Court followed its earlier decision on the same question and held that the assessee's compliance with the audit requirement was sufficient on the facts, so the penalty could not be upheld. The reference was answered in favour of the assessee. Case-Laws Income Tax Tue, 05 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13997