https://www.taxtmi.com/caselaws?id=765686 ITAT Patna allowed the appeal and cancelled penalty u/s 271B imposed for non-filing of tax audit report u/s 44AB. The tribunal found that the assessee, a first-time taxpayer from a remote area, had actually got accounts audited by a CA but the audit report was not uploaded due to the CA's failure. Considering the assessee's location in a remote area with limited consultant facilities, first-time assessment u/s 144, and the default being attributable to the engaged professional rather than the assessee, the tribunal held that penalty was not warranted for this small taxpayer who lacked adequate professional guidance. en-us Wed, 05 Feb 2025 00:00:00 +0530 Fri, 07 Feb 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765686 ITAT Patna allowed the appeal and cancelled penalty u/s 271B imposed for non-filing of tax audit report u/s 44AB. The tribunal found that the assessee, a first-time taxpayer from a remote area, had actually got accounts audited by a CA but the audit report was not uploaded due to the CA's failure. Considering the assessee's location in a remote area with limited consultant facilities, first-time assessment u/s 144, and the default being attributable to the engaged professional rather than the assessee, the tribunal held that penalty was not warranted for this small taxpayer who lacked adequate professional guidance. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765686