BBCPL-RCPL (JV),JAMUI vs. PCIT CENTRAL, PATNA, PATNA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

271B read with Section 44AB of the Income Tax Act. Such penalty is to be imposed if accounts of the assessee are not audited and the audit report was not submitted, but in the present case, the assessee’s accounts were duly audited and those were uploaded along with the return. 17. The next reason assigned

BALKRISHNA BHALOTIA CONSTRUCTION PRIVATE LIMITED,JAMUI vs. PCIT CENTRAL, PATNA