Tar not filed

This query is : Resolved

seema singla (Querist)
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03 October 2013 If an audit report is not filed, then sec 271b can be leived. I want to know if the penalty is to be paid by the assessee or the CA or both if leived.
futher, if an assessee doesnot add the name of CA, then can CA be held responsible for that.

plz reply

Ganeshbabu K

Ganeshbabu K (Expert)
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03 October 2013 In my opinion No penalty will be levied on delayed filing of tax audit report

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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03 October 2013 Imposing of penalty will depend on how much time it was taken to delay the TAR, if it is more then say 3 months or 6 months then AO may impose.

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