ITAT deletes penalty for Failure to get Accounts Audited due to ill health of Wife

Reliable Enterprises Vs ITO (ITAT Pune)

ITAT held that It is seen that there is an infringement of provisions of section 44AB inasmuch as the assessee failed to get the accounts audited and furnish the necessary report before the stipulated period. The assessee pleaded a reasonable cause before the AO that the audit could not be carried out because of ill-health of his wife, which further worsened the family problems. Section 271B is subject to provisions of section 273B which provides that in case of a reasonable c

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