Reasonable cause for failure to submit Tax Audit Report- ITAT deletes Penalty

Air India Air Transport Services Ltd. Vs DCIT (ITAT Mumbai)

We find some force in the submission of assessee that assessee being a Public sector company Act had to submit its audit report in Form 3CA in which report u/s 44AB is required to be submitted for the said purpose. The Tax Audit report u/s section 44AB of I.T. Act has to be provided with copy of statutory audit report alongwith audited P & L Account and balance sheet. The Tax Auditor in the case of assessee whose accounts are required to be audited on any other law will have to commence his

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