https://www.taxtmi.com/highlights?id=71567 Levy of penalty u/s. 271B - non completion of audit within reasonable time - Co-operative society - If the appointment of the statutory/tax auditor was done after the due date of completion of audit u/s 44AB and audit was completed within a reasonable time of such appointment, then the penalty u/s 271B cannot be held as justified. - AO directed to verify the facts - AT en-us Mon, 21 Aug 2023 08:30:24 +0530 Mon, 21 Aug 2023 08:30:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71567 Levy of penalty u/s. 271B - non completion of audit within reasonable time - Co-operative society - If the appointment of the statutory/tax auditor was done after the due date of completion of audit u/s 44AB and audit was completed within a reasonable time of such appointment, then the penalty u/s 271B cannot be held as justified. - AO directed to verify the facts - AT Highlights Income Tax Mon, 21 Aug 2023 08:30:24 +0530 https://www.taxtmi.com/highlights?id=71567