https://www.taxtmi.com/caselaws?id=284880 The ITAT Cochin allowed the appeal, ruling that the delay in audit submission was a technical venial breach, and the reasons provided by the assessee constituted reasonable causes for the delay. Consequently, the penalty imposed under section 271B of the Income Tax Act, 1961 was deleted. en-us Fri, 01 Mar 2019 00:00:00 +0530 Sun, 15 Dec 2019 10:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284880 The ITAT Cochin allowed the appeal, ruling that the delay in audit submission was a technical venial breach, and the reasons provided by the assessee constituted reasonable causes for the delay. Consequently, the penalty imposed under section 271B of the Income Tax Act, 1961 was deleted. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284880