No penalty for delayed tax audit report submission due to statutory audit delay u/s 271B and Section 44AB.

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....Levy of penalty u/s 271B - failure to get the accounts audited and furnished the audit report before the specified due date - Statutory auditors appointed by the CA&G - without completing the statutory audit, the tax audit could not have been completed - there exist a reasonable cause for the delay in completion and submission of the tax audit report u/s 44AB - no penalty - AT....