https://www.taxtmi.com/highlights?id=68403 Penalty u/s 271B - failure to file audit report on due date - penalty levied u/s 271B cannot be levied for the reason that there was a failure on the part of the assessee to obtain tax audit report was on account of a bona fide reason of crashing the compute data and thus has to rewrite the same. The revenue could not show that the belief of the assessee was mala fide. - AT en-us Wed, 22 Feb 2023 18:18:18 +0530 Wed, 22 Feb 2023 18:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68403 Penalty u/s 271B - failure to file audit report on due date - penalty levied u/s 271B cannot be levied for the reason that there was a failure on the part of the assessee to obtain tax audit report was on account of a bona fide reason of crashing the compute data and thus has to rewrite the same. The revenue could not show that the belief of the assessee was mala fide. - AT Highlights Income Tax Wed, 22 Feb 2023 18:18:18 +0530 https://www.taxtmi.com/highlights?id=68403