https://www.taxtmi.com/caselaws?id=795437 Penalty for belated furnishing of a tax audit report was unsustainable where the report was filed during reassessment, considered by the Assessing Officer before completion, and resulted in no reassessment addition. The delayed filing was treated as a technical or venial breach that caused no prejudice to the Revenue. Applying coordinate-bench decisions on materially identical facts, the penalty for failure to timely furnish the report was deleted. en-us Thu, 16 Jul 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795437 Penalty for belated furnishing of a tax audit report was unsustainable where the report was filed during reassessment, considered by the Assessing Officer before completion, and resulted in no reassessment addition. The delayed filing was treated as a technical or venial breach that caused no prejudice to the Revenue. Applying coordinate-bench decisions on materially identical facts, the penalty for failure to timely furnish the report was deleted. Case-Laws Income Tax Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795437