Audit report submission Delay due to partners health issues: ITAT deletes Section 271B Penalty

Balaji Logistics Vs ACIT (ITAT Chennai)

The Income Tax Appellate Tribunal (ITAT) Chennai delivered a significant judgment in the case of Balaji Logistics vs ACIT concerning the assessment year 2015-16. The case centered around the imposition of a penalty under Section 271B of the Income Tax Act for the delayed filing of the tax audit report.

Background of the Case

Bala

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