No Penalty If Non-Furnishing Tax Audit Report was due to Bona fide reasons: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the penalty under section 271B of the Income Tax Act, 1961 is not leviable if there are bona fide reasons on the part of the assessee for the delay in furnishing the tax audit report. The assessee, an individual, was required to get his […]

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