The Income Tax Appellate Tribunal (ITAT) Bangalore held that the delay in furnishing audit reports has resulted only in the technical venial breach which does not cause any loss to the exchequer. The ruling was made by a division bench comprising of members Shri B.R Baskaran, Accountant Member, And Smt. Beena Pillai, Judicial Member in […]
The post Delay in Furnishing Audit Reports is mere Technical Breach, No Penalty: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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