Section 271B Penalty Not Imposed for Minor Delays in Tax Audit Report Filing Without Malicious Intent.

Section 271B Penalty Not Imposed for Minor Delays in Tax Audit Report Filing Without Malicious Intent. https://www.taxtmi.com/highlights?id=70573 Penalty u/s 271B - delayed filing of audit report u/s 44AB - when the Tax Audit Report was made available to the AO before completion of assessment proceedings, then for venial technical breach without any mala fide intention of the assessee, the penalty cannot be levied u/s 271B. - AT en-us Mon, 26 Jun 2023 08:41:52 +0530 Mon, 26 Jun 2023 08:41:52 +0530 TaxTMI RSS Generator Section 271B Penalty Not Imposed for Minor Delays in Tax Audit Report Filing Without Malicious Intent. https://www.taxtmi.com/highlights?id=70573 Penalty u/s 271B - delayed filing of audit report u/s 44AB - when the Tax Audit Report was made available to the AO before completion of assessment proceedings, then for venial technical breach without any mala fide intention of the assessee, the penalty cannot be levied u/s 271B. - AT Highlights Income Tax Mon, 26 Jun 2023 08:41:52 +0530 https://www.taxtmi.com/highlights?id=70573