Bombay High Court Sets Aside Penalty Under Section 271B

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Bombay High Court Sets Aside Penalty Under Section 271B, Citing Genuine Hardship Due to Raids and Document Seizures as Justification for Delay in Filing Audit Report

Court's Decision: The Bombay High Court allowed the appeal by setting aside the penalty imposed under Section 271B of the Income Tax Act, 1961. The court held that the delay…

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Rawlaw January 24, 2025

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