No section 271B Penalty for Not furnishing Audit Report before ITR Filing

Vrinda Sales P. Ltd Vs ITO (ITAT Delhi)

The issue under consideration is whether CIT(A) is correct in levying penalty under Section 271B for not auditing books of accounts/ furnishing reports of the audit of books of accounts on the due date of filing Income Tax Return (ITR)?

ITAT states that, in the instant case, they find that the assessee was required to get his books of accounts audited on or before the due date of filing of the return of income. There was no relaxatio

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