2001 (1) TMI 232

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.... s. 271B. 2. In this case the AO imposed a penalty under s. 271B for failure on the part of the assessee to file audit report along with the return of income for asst. yr. 1993-94 by the due date i.e., 31st Oct., 1993, as per the provisions of s. 44AB. The matter was carried before the learned CIT(A) who upheld the order of the AO. Aggrieved by the same, the assessee is in appeal before us. 3. A....

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.... furnished along with the return of income filed belatedly under s. 139(4). It is also observed that similar views have been expressed by the Hon'ble High Court of Punjab and Haryana in the case of ITO vs. Kaysons India (2000) 163 CTR (P&H) 75 cited by the learned counsel for the assessee. 5. In the present case the audit report as required under s. 44AB has been obtained on 29th Oct., 1993, and ....