https://www.taxtmi.com/caselaws?id=381019 The Tribunal allowed the appeal, holding that the penalty under section 271B was deleted because the appellant had reasonable cause for not filing the audit report separately before the due date of filing the return of income. The Tribunal emphasized that the amended provisions of Rule 12(2) were not applicable for the assessment year in question and that the appellant's delay in filing the audit report with the belated return was justified. The penalty was overturned based on the reasonable cause for non-compliance with section 44AB. en-us Thu, 30 May 2019 00:00:00 +0530 Sat, 01 Jun 2019 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381019 The Tribunal allowed the appeal, holding that the penalty under section 271B was deleted because the appellant had reasonable cause for not filing the audit report separately before the due date of filing the return of income. The Tribunal emphasized that the amended provisions of Rule 12(2) were not applicable for the assessment year in question and that the appellant's delay in filing the audit report with the belated return was justified. The penalty was overturned based on the reasonable cause for non-compliance with section 44AB. Case-Laws Income Tax Thu, 30 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381019