https://www.taxtmi.com/highlights?id=45113 Levy of penalty u/s. 271B - delay in getting the accounts audited - The assessee had only committed technical venial breach which does not create any loss to the exchequer as the audit report was available to the Assessing Officer before the completion of the assessment proceedings. - No penalty. en-us Wed, 13 Mar 2019 08:34:40 +0530 Wed, 13 Mar 2019 08:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45113 Levy of penalty u/s. 271B - delay in getting the accounts audited - The assessee had only committed technical venial breach which does not create any loss to the exchequer as the audit report was available to the Assessing Officer before the completion of the assessment proceedings. - No penalty. Highlights Income Tax Wed, 13 Mar 2019 08:34:40 +0530 https://www.taxtmi.com/highlights?id=45113