https://www.taxtmi.com/caselaws?id=284608 The Tribunal canceled the penalty imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) under section 271B for delay in filing the tax audit report. The appellant's explanation of delay in receiving a stock statement as the cause for the delay in filing the report was accepted by the Tribunal, leading to the cancellation of the penalty. en-us Thu, 31 Jan 2013 00:00:00 +0530 Fri, 29 Nov 2019 10:28:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284608 The Tribunal canceled the penalty imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) under section 271B for delay in filing the tax audit report. The appellant's explanation of delay in receiving a stock statement as the cause for the delay in filing the report was accepted by the Tribunal, leading to the cancellation of the penalty. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284608