Penalty U/s. 271B cannot be levied for technical venial breach

Md. Salim Qurasi Vs ITO (ITAT Kolkata) We have heard rival submissions. From the papers available on the record including the paper book of the assessee, we find that the assessee had got his accounts tax audited for the Assessment Year 2013-14, on 27/09/2013.We find that the same has been filed before the ld. Assessing Officer before the completion of the assessment proceedings. This is evident from the certificate of paper book filed by the assessee before us, wherein it is stated that the tax audit report for the Assessment Year 2013-14, have been duly filed before the ld. Assessing Officer...