Penalty u/s 271(1)(b) for Non-Compliance with Special Audit Requirement Avoided Due to Reasonable Cause u/s 273B.

Penalty u/s 271(1)(b) for Non-Compliance with Special Audit Requirement Avoided Due to Reasonable Cause u/s 273B. https://www.taxtmi.com/highlights?id=67631 Levy of penalty u/s. 271(1)(b) - Non compliance requirement in respect of special audit u/s. 142(2A) - Assessment proceedings furnished by the Ld. Counsel, it is evidently demonstrated that there exists a reasonable cause within the meaning of section 273B of the Act which prevented the assessee in meeting the compliance requirement in respect of special audit u/s. 142(2A) of the Act. - AT en-us Wed, 11 Jan 2023 08:43:44 +0530 Wed, 11 Jan 2023 08:43:44 +0530 TaxTMI RSS Generator Penalty u/s 271(1)(b) for Non-Compliance with Special Audit Requirement Avoided Due to Reasonable Cause u/s 273B. https://www.taxtmi.com/highlights?id=67631 Levy of penalty u/s. 271(1)(b) - Non compliance requirement in respect of special audit u/s. 142(2A) - Assessment proceedings furnished by the Ld. Counsel, it is evidently demonstrated that there exists a reasonable cause within the meaning of section 273B of the Act which prevented the assessee in meeting the compliance requirement in respect of special audit u/s. 142(2A) of the Act. - AT Highlights Income Tax Wed, 11 Jan 2023 08:43:44 +0530 https://www.taxtmi.com/highlights?id=67631