https://www.taxtmi.com/caselaws?id=403013 The ITAT allowed the appeal and directed the Assessing Officer to delete the penalty imposed under section 271B of the Income Tax Act for failure to file the tax audit report within the specified due date. The ITAT considered the challenges faced by the assessee due to new e-filing requirements introduced in the relevant assessment year, emphasizing leniency during the initial transition period. Citing a similar case, the ITAT concluded that the penalty should be deleted, noting that the audit report was filed before the completion of assessment proceedings despite the delay in electronic filing. en-us Tue, 29 Dec 2020 00:00:00 +0530 Sun, 17 Jan 2021 21:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403013 The ITAT allowed the appeal and directed the Assessing Officer to delete the penalty imposed under section 271B of the Income Tax Act for failure to file the tax audit report within the specified due date. The ITAT considered the challenges faced by the assessee due to new e-filing requirements introduced in the relevant assessment year, emphasizing leniency during the initial transition period. Citing a similar case, the ITAT concluded that the penalty should be deleted, noting that the audit report was filed before the completion of assessment proceedings despite the delay in electronic filing. Case-Laws Income Tax Tue, 29 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403013