2026 (8) TMI 1656

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....: Sri A.P. Babu, Sr. AR ORDER PER VIJAY PAL RAO, VICE PRESIDENT : This appeal by the Assessee is directed against the Order dated 20.08.2025 of the learned CIT(A)-National Faceless Assessment Centre [in short "NFAC"], Delhi arising from the penalty order passed by the Assessing Officer-NFAC u/sec.271B of the Income Tax Act [in short "the Act"], 1961 for the assessment year 2017-2018. 2....

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....not maintain the accounts to be taken to the Auditor for getting them audited. Finally, he handed-over the books of account in the month of March, 2018 to the Auditor and accordingly, the audit report in Form-3CB and in Form-3CD was prepared on 08.03.2018. Thus, learned Authorised Representative of the Assessee submitted that the assessee has explained the cause of delay before the authorities bel....

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.... as the same was filed on 08.03.2018 as against the due date of 07.11.2017. The assessee explained the reasons for delay in filing the audit report that his accountant Mr. Ajith Reddy was ill and undergoing treatment and therefore, he was absent from the work and could not made the accounts ready to be handed over to the Auditor for the audit. Even otherwise, we find that the audit report was file....