https://www.taxtmi.com/highlights?id=50466 Penalty u/s 271B - assessee failed to get his account audited and furnish report u/s 44AB even after release of documents where were seized by the authorities - If the assessee had filed the audited accounts within the 3 months after 30 September 2008 then it would be a reasonable cause for not filing the audited accounts but the assessee had taken more than 3 years to file the audited accounts, which in our view, is not in accordance with law. en-us Sat, 30 Nov 2019 12:51:15 +0530 Sat, 30 Nov 2019 12:51:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50466 Penalty u/s 271B - assessee failed to get his account audited and furnish report u/s 44AB even after release of documents where were seized by the authorities - If the assessee had filed the audited accounts within the 3 months after 30 September 2008 then it would be a reasonable cause for not filing the audited accounts but the assessee had taken more than 3 years to file the audited accounts, which in our view, is not in accordance with law. Highlights Income Tax Sat, 30 Nov 2019 12:51:15 +0530 https://www.taxtmi.com/highlights?id=50466