Court Upholds Penalty for Failing to File Tax Audit Report on Time; No Reasonable Cause Found for Delay.

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....Penalty u/s 271B - assessee has not filed the tax audit report u/s 44AB - reasonable cause for the late filing of the tax audit report or not? - the penalty levied under section 271F of the Act was rightly confirmed by the ld. CIT(A). - AT....