https://www.taxtmi.com/caselaws?id=15036 The Tribunal and High Court held that under section 44AB of the Income-tax Act, obtaining the audit report before the specified date was sufficient compliance, even if filed with the return after the date. The courts emphasized that the law did not explicitly require filing the report before the specified date until the 1995 amendment. As such, no penalty under section 271B was applicable. The High Court affirmed that the obligation was solely to obtain the audit report before the deadline, not to submit it to the Assessing Officer by that date. en-us Thu, 18 Nov 1999 00:00:00 +0530 Mon, 27 Jul 2009 17:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15036 The Tribunal and High Court held that under section 44AB of the Income-tax Act, obtaining the audit report before the specified date was sufficient compliance, even if filed with the return after the date. The courts emphasized that the law did not explicitly require filing the report before the specified date until the 1995 amendment. As such, no penalty under section 271B was applicable. The High Court affirmed that the obligation was solely to obtain the audit report before the deadline, not to submit it to the Assessing Officer by that date. Case-Laws Income Tax Thu, 18 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15036