Assessee Penalized for Late Submission of Audit Report in Form 3CEB, Violating Section 92E of Income Tax Act.

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....TPA - The failure on the part of the assessee to furnish the Audit Report in Form 3CEB from an Accountant in the prescribed proforma within the prescribed period, without reasonable cause, is a clear violation of the provisions of section 92E - levy of penalty u/s 271BA confirmed - AT....