https://www.taxtmi.com/caselaws?id=55670 The Tribunal allowed both appeals, ruling that the penalties levied under section 271B were not sustainable due to the invalid initiation of penalty proceedings after the completion of assessment proceedings and the existence of reasonable cause for the delays in obtaining the tax audit reports. en-us Fri, 29 Jan 1993 00:00:00 +0530 Mon, 29 Nov 2010 13:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55670 The Tribunal allowed both appeals, ruling that the penalties levied under section 271B were not sustainable due to the invalid initiation of penalty proceedings after the completion of assessment proceedings and the existence of reasonable cause for the delays in obtaining the tax audit reports. Case-Laws Income Tax Fri, 29 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55670