https://www.taxtmi.com/caselaws?id=777074 ITAT Chennai - AT allowed the appeal and deleted penalty under s.271B for belated filing of the Tax Audit Report, holding there was reasonable cause. The delay arose from awaiting the statutory report from the State Government, and the TAR was filed belatedly on 20.03.2017; the delay was not deliberate. In view of existing precedent and absence of distinguishing facts or law, penalty was cancelled. en-us Wed, 08 Jan 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777074 ITAT Chennai - AT allowed the appeal and deleted penalty under s.271B for belated filing of the Tax Audit Report, holding there was reasonable cause. The delay arose from awaiting the statutory report from the State Government, and the TAR was filed belatedly on 20.03.2017; the delay was not deliberate. In view of existing precedent and absence of distinguishing facts or law, penalty was cancelled. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777074