Judgement

The court agreed that the petitioner was not directly responsible for the delay in submitting the audit report, as the same was caused due to the Audit Process.

Kerala High Court Rules No Penalty u/s 271B If Delay in Filing Audit Report is Due to Statutory Audit Process

Delay in Filing Tax Audit Report due to non-availability of Accountant: ITAT waives penalty u/s 271B

No Penalty u/s 271B when additions made towards cash deposits in nature of T/O have been settled under VSVS: ITAT

Delay in Filing Tax audit report on account of delay in getting it from auditors: ITAT deletes penalty U/S 271B

Penalty u/s 271B for failure to get accounts audited u/s 44AB cannot be levied if books of account are not maintained: ITAT

Delay in Tax Audit due to ongoing assessment in some other Act: Penalty u/s 271B to be deleted

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Kerala High Court Rules No Penalty u/s 271B If Delay in Filing Audit Report is Due to Statutory Audit Process

Delay in Filing Tax Audit Report due to non-availability of Accountant: ITAT waives penalty u/s 271B

No Penalty u/s 271B when additions made towards cash deposits in nature of T/O have been settled under VSVS: ITAT

Delay in Filing Tax audit report on account of delay in getting it from auditors: ITAT deletes penalty U/S 271B

Penalty u/s 271B for failure to get accounts audited u/s 44AB cannot be levied if books of account are not maintained: ITAT

Delay in Tax Audit due to ongoing assessment in some other Act: Penalty u/s 271B to be deleted