https://www.taxtmi.com/caselaws?id=442524 The Tribunal ruled in favor of the appellant, deleting the penalty imposed under section 271B for failure to furnish the Tax Audit Report. The appellant successfully argued that the Audit Report was physically filed before the Assessing Officer during assessment proceedings, despite technical issues with the Income Tax Website. The Tribunal agreed that the requirement was satisfied, referencing a Supreme Court decision and a decision of the Allahabad High Court. The penalty was deemed unjustified, and the appellant's appeal was allowed based on legal interpretations provided by higher courts. en-us Tue, 11 Apr 2023 00:00:00 +0530 Mon, 04 Sep 2023 08:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442524 The Tribunal ruled in favor of the appellant, deleting the penalty imposed under section 271B for failure to furnish the Tax Audit Report. The appellant successfully argued that the Audit Report was physically filed before the Assessing Officer during assessment proceedings, despite technical issues with the Income Tax Website. The Tribunal agreed that the requirement was satisfied, referencing a Supreme Court decision and a decision of the Allahabad High Court. The penalty was deemed unjustified, and the appellant's appeal was allowed based on legal interpretations provided by higher courts. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442524