https://www.taxtmi.com/caselaws?id=436335 The Tribunal allowed the Assessee's appeal, deleting the penalty imposed under section 271B. The Tribunal found that the audited books were filed along with the revised return, meeting the requirements despite the revised return being filed after the due date. As there was no failure to get accounts audited or provide the necessary report before finalizing the assessment, the penalty under section 271B was removed. en-us Tue, 31 Jan 2023 00:00:00 +0530 Tue, 11 Apr 2023 09:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436335 The Tribunal allowed the Assessee's appeal, deleting the penalty imposed under section 271B. The Tribunal found that the audited books were filed along with the revised return, meeting the requirements despite the revised return being filed after the due date. As there was no failure to get accounts audited or provide the necessary report before finalizing the assessment, the penalty under section 271B was removed. Case-Laws Income Tax Tue, 31 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436335