No section 271B penalty for delay in Audit report filing due to Illness of Accountant

Swaminath N. Patil Vs Ward 2(5) Solapur (ITAT Pune)

ITAT find that the assessee has reasonably well explained before the ld. CIT(A) the reasons why there was delay in filing the tax audit report and non-compliance as per the provisions of sec. 44AB of the Act. The reasons are definitely such that they were beyond the control of the assessee and since the Income-tax Act is a welfare legislation the practical difficulties of the tax payers assessee and the bonafide nature has to be considered. In this case, the assessee had ev

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