https://www.taxtmi.com/highlights?id=68116 Penalty levied u/s 271B - assessee has filed the tax audit report belatedly - business of the assessee was totally came to a standstill and matters went to a very critical level that her properties were put for auction by the bankers - Since the assessee was prevented by reasonable cause for not getting her books of accounts audited in time as required under the provisions of section 44AB of the Act, but filed the tax audit report before completion of the assessment, No penalty - AT en-us Mon, 06 Feb 2023 10:02:28 +0530 Mon, 06 Feb 2023 10:02:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68116 Penalty levied u/s 271B - assessee has filed the tax audit report belatedly - business of the assessee was totally came to a standstill and matters went to a very critical level that her properties were put for auction by the bankers - Since the assessee was prevented by reasonable cause for not getting her books of accounts audited in time as required under the provisions of section 44AB of the Act, but filed the tax audit report before completion of the assessment, No penalty - AT Highlights Income Tax Mon, 06 Feb 2023 10:02:28 +0530 https://www.taxtmi.com/highlights?id=68116