https://www.taxtmi.com/caselaws?id=439000 The Tribunal confirmed penalties under section 271B of the Income-tax Act for assessment years 2012-2013 and 2017-2018 against a co-operative society. The assessee's argument of delayed audit reports due to receiving them late was rejected as inadequate. The Tribunal found no issue with the timing of penalty notices and dismissed the appeals, declining interference and dismissing stay petitions. The order was pronounced on June 12, 2023. en-us Mon, 12 Jun 2023 00:00:00 +0530 Tue, 13 Jun 2023 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439000 The Tribunal confirmed penalties under section 271B of the Income-tax Act for assessment years 2012-2013 and 2017-2018 against a co-operative society. The assessee's argument of delayed audit reports due to receiving them late was rejected as inadequate. The Tribunal found no issue with the timing of penalty notices and dismissed the appeals, declining interference and dismissing stay petitions. The order was pronounced on June 12, 2023. Case-Laws Income Tax Mon, 12 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439000