https://www.taxtmi.com/caselaws?id=281181 The ITAT Jodhpur Bench ruled in favor of the assessee, holding that the penalty under Section 271BA was unjustified. The Bench considered the timely filing of the audit report during assessment proceedings and legal precedents indicating penalties are not applicable for technical defaults if reports are filed with necessary information. The penalty was deleted, and the appeal was allowed on 25/05/2018. en-us Fri, 25 May 2018 00:00:00 +0530 Thu, 06 Jun 2019 21:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281181 The ITAT Jodhpur Bench ruled in favor of the assessee, holding that the penalty under Section 271BA was unjustified. The Bench considered the timely filing of the audit report during assessment proceedings and legal precedents indicating penalties are not applicable for technical defaults if reports are filed with necessary information. The penalty was deleted, and the appeal was allowed on 25/05/2018. Case-Laws Income Tax Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281181