Penalty U/s 271B - A.Y. 2017-2018

This query is : Resolved

Vidyadhar S. Patil (Querist)
Follow

18 December 2019 One of my assessee has filed Income Tax Return for A.Y. 2017-2018 after obtaining Tax Audit Report. But Audit Report not updated on Income Tax Portal. Now assessing authority is insisting on Penalty U/s271B for non-submission of Audit Report. Kindly give me suggestions to avoid Penalty U/s 271B and also give me recent case laws in favour of assessee in this regard.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

26 May 2020 https://taxguru.in/income-tax/section-271b-penalty-failure-accounts-audited.html
https://thetaxtalk.com/2020/01/09/ao-to-delete-the-penalty-levied-u-s-271b-of-the-act-for-not-furnishing-the-tax-audit-report-as-required-u-s-44ab-of-the-act-due-to-technical-reasons/
https://taxguru.in/income-tax/penalty-u-s-271b-cannot-be-levied-if-books-of-account-were-maintained-by-the-assessee.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

GIRISH K SATTI

R M Shekhaliya

prasanth kona

Yandamuri yesu raju

efiletax

Subscribe Now

Penalty U/s 271B - A.Y. 2017-2018

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Article Assistant

GST CONSULTANT

Accountant

GST CONSULTANCY

CA Final