https://www.taxtmi.com/caselaws?id=439495 The Tribunal held that penalties under section 271B of the Income Tax Act for delayed filing of tax audit reports were unjustified when the reports were submitted before completion of assessment proceedings, citing precedent. The penalties for assessment years 2013-14 to 2016-17 were deleted due to valid reasons for delay and absence of mala fide intent. The appeals by the assessee were allowed, and penalties were removed. en-us Fri, 23 Jun 2023 00:00:00 +0530 Mon, 26 Jun 2023 08:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439495 The Tribunal held that penalties under section 271B of the Income Tax Act for delayed filing of tax audit reports were unjustified when the reports were submitted before completion of assessment proceedings, citing precedent. The penalties for assessment years 2013-14 to 2016-17 were deleted due to valid reasons for delay and absence of mala fide intent. The appeals by the assessee were allowed, and penalties were removed. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439495