ITAT waives Penalty for Tax Audit Report delay due to Accountant’s Unavailability

Deepak T. Dhanwani Vs ITO (ITAT Chennai) The case of Deepak T. Dhanwani vs Income Tax Officer (ITO) before the Income Tax Appellate Tribunal (ITAT) Chennai deals with the consequential matters of delay in submission of tax audit reports and ensuing penalties under section 271B. In this case, the delay was attributed to the sudden departure of the accountant responsible for managing the accounts, a circumstance beyond the control of the assessee. The case commenced with the imposition of a penalty on Dhanwani for the late submission of the Tax Audit Report during the Assessment Year 2018-19. Du...