Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
ITAT quashes Penalty u/s 271B, Holds ‘Reasonable Cause’ for Delay in Tax Audit
The ITAT quashed a penalty for a reasonable delay in tax audit. The tribunal ruled that the delay was justified and did not warrant a penalty, emphasizing the importance of considering genuine reasons for delays.