https://www.taxtmi.com/caselaws?id=389085 The Tribunal upheld penalties of Rs. 42,151 and Rs. 100,000 imposed on the assessee for not getting accounts audited under Section 44AB for the assessment years 2008-2009 and 2009-10. The assessee's arguments regarding delays in obtaining necessary documents and completing the audit were rejected by the Commissioner and Assessing Officer. The Tribunal found no reasonable cause for the delay in filing audited accounts, emphasizing the importance of timely compliance and dismissed the appeals, confirming the penalties. en-us Mon, 14 Oct 2019 00:00:00 +0530 Fri, 29 Nov 2019 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389085 The Tribunal upheld penalties of Rs. 42,151 and Rs. 100,000 imposed on the assessee for not getting accounts audited under Section 44AB for the assessment years 2008-2009 and 2009-10. The assessee's arguments regarding delays in obtaining necessary documents and completing the audit were rejected by the Commissioner and Assessing Officer. The Tribunal found no reasonable cause for the delay in filing audited accounts, emphasizing the importance of timely compliance and dismissed the appeals, confirming the penalties. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389085