Friday, January 18, 2019

Delay in filing Tax Audit Report is a Technical Venial Breach: ITAT Deletes Penalty

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the delay in filing of the tax audit report is a technical venial breach for which, the penalty under section 271B of the Income Tax Act is not sustainable. The assessee, a businessman, did not attach tax audit report u/s 44AB of […]

The post Delay in filing Tax Audit Report is a Technical Venial Breach: ITAT Deletes Penalty appeared first on Taxscan | Simplifying Tax Laws.



from Taxscan | Simplifying Tax Laws http://bit.ly/2FzKcRM

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