Jigneshbhai Rasikbhai Savalia v. ITO (2023) 200 ITD 271 / 224 TTJ 907 (SMC) (Surat) (Trib)

S. 271B : Penalty-Failure to get accounts audited-Audit report filed along with the return-Levy of penalty is not justified.

Tribunal held that  assessee got his account audited but same was filed along with return of income which was filed belatedly, penalty could not be imposed under section 271B.(AY. 2015-16)