https://www.taxtmi.com/caselaws?id=379685 The ITAT allowed all appeals related to the confirmation of penalties under section 271B of the Income Tax Act for different assessment years, considering reasonable causes for the delays in filing the tax audit reports and the lack of mala-fide intent on the part of the assessee. The ITAT emphasized the importance of fair play and justice in tax penalty cases, ultimately reversing the decisions of the lower authorities and directing the deletion of the penalties imposed. en-us Tue, 30 Apr 2019 00:00:00 +0530 Mon, 06 May 2019 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379685 The ITAT allowed all appeals related to the confirmation of penalties under section 271B of the Income Tax Act for different assessment years, considering reasonable causes for the delays in filing the tax audit reports and the lack of mala-fide intent on the part of the assessee. The ITAT emphasized the importance of fair play and justice in tax penalty cases, ultimately reversing the decisions of the lower authorities and directing the deletion of the penalties imposed. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379685