https://www.taxtmi.com/caselaws?id=434250 The ITAT set aside the penalty imposed under section 271B for delayed furnishing of the tax audit report under section 44AB for AY 2017-18. The ITAT found the reasons provided by the appellant to be reasonable, following the principle that penalties should not be imposed without deliberate defiance of the law. Consequently, the penalty was deleted, and the appeal was successful. en-us Fri, 17 Feb 2023 00:00:00 +0530 Mon, 20 Feb 2023 08:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434250 The ITAT set aside the penalty imposed under section 271B for delayed furnishing of the tax audit report under section 44AB for AY 2017-18. The ITAT found the reasons provided by the appellant to be reasonable, following the principle that penalties should not be imposed without deliberate defiance of the law. Consequently, the penalty was deleted, and the appeal was successful. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434250