#Section 271B
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244 articlesIncome Tax

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Payment towards interconnectivity utility charges from Indian customers not taxable as Royalty
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Section 263: Revisionary power cannot be initiated on the basis of audit objection
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Penalty imposed u/s 270A is appealable before CIT(A)
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ITAT imposes Rs. 2,000 Cost for Non-Cooperation in Penalty Appeal
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Cash Payment exceeding prescribed limit towards purchase of land disallowed as per section 40A(3)
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No Section 271B Penalty for Delayed Audit Report due to IBC Proceedings
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ITAT Upholds Penalties u/s 271A & 271B for Bookkeeping & Tax Audit Lapses
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No Penalty u/s 271B for Delay Due to director-cum-accountant’s Death
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No Section 272A(1)(c) penalty if Reasonable cause shown for delay in providing details
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Delay in filing of tax audit report due to technical breach without mala fide intention doesn’t attract 271B penalty
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Penalty u/s 271B not leviable for venial technical breach without mala fide intention
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No Penalty for Non-Audit under Section 271B without Bookkeeping Requirement
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No Penalty under Section 271B for Delayed Tax Audit (Auditor Unwell)
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