Delay in filing of tax audit report due to technical breach without mala fide intention doesn’t attract 271B penalty

Encore Construction- Consortium Pvt Ltd Vs ITO (ITAT Chennai) ITAT Chennai held that delay in filing of tax audit report due to dispute between the directors of the assessee company is just a technical breach without any malafide intention. Hence, penalty u/s 271B not leviable. Facts- The assessee is a Private Limited Company filed its return of income on 30.03.2019 which was assessed u/s.143(3) r.w.s.143(3A) & 143(3B) of the Income Tax Act, 1961, and the order was passed on 16.06.2020, wherein returned income of the assessee was accepted without any further addition. Subsequently, on 14.0...