Held that the assessee had obtained the tax audit report as required under section 44AB of the Act and e-filed its e-return of income before the due date. Only because the assessee at the time of filing of its e-return had inadvertently filled the column regarding details of audit under section 44AB wrongly as “No”, penalty under section 271B would not be leviable.(AY.2011-12)
Paras Mal Sethia v. ITO (2024)110 ITR 16 (SN) (Jodhpur)(Trib)
S. 271B :Penalty-Failure to get accounts audited-Obtained tax audit report before due date-Wrongly mention as no in the column-Penalty is deleted.[S.44AA, 44AB]
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