No Penalty U/s 271B Can Be Levied If There Is Reasonable Cause For Failure In Timely Furnishing Tax Audit Report: Delhi ITAT

The New Delhi ITAT held that Section 44AB of the Income tax Act casts an obligation upon the assessee to get accounts audited before the specified date and furnish by that date the report of such...

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,Tax Audit Report ,Accountant Member ,Aastha Chandra ,Judicial Member ,Audit Report ,Chartered Accountant ,Delhi Itat ,Ection 44ab Of The Income Tax Act ,Assessee ,Ccounts Audited ,Penalty ,S 271b ,