https://www.taxtmi.com/highlights?id=69075 Penalty u/s 271B - failure to get the accounts audited in time - It appears that the book results shown by the assessee were substantially accepted by the revenue as genuine and the compliance was made by the assessee with some delay. The delay has also been explained by the assessee that it was the 1st year of the business - No penalty - AT en-us Wed, 05 Apr 2023 08:57:50 +0530 Wed, 05 Apr 2023 08:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69075 Penalty u/s 271B - failure to get the accounts audited in time - It appears that the book results shown by the assessee were substantially accepted by the revenue as genuine and the compliance was made by the assessee with some delay. The delay has also been explained by the assessee that it was the 1st year of the business - No penalty - AT Highlights Income Tax Wed, 05 Apr 2023 08:57:50 +0530 https://www.taxtmi.com/highlights?id=69075