There are many case laws for wavering penalty u/s 271B , what is the procedure for claiming such waiver.
Thanks in advance
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Procedure to file condonation of delay in case oh TAR
Replies (1)
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Immediate Action: File the pending Audit Report online immediately.
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Communication: Draft a letter to your Assessing Officer explaining the delay with supporting evidence.
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Defense: If a penalty notice is received, formally reply by invoking "reasonable cause" under Section 273B to request a waiver.
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