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No penalty for belated filing of tax audit report as it was caused due to delay in completion of statutory audit

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  • No penalty for belated filing of tax audit report as it was caused due to delay in completion of statutory audit
Posted onon February 5, 2014

Tenet Tax Daily February 04 2014

By tenettax-team
Corporate Tax

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ITAT couldn’t adjudicate upon jurisdictional issue when it wasn’t raised before assessing authority
Consequential additions to be deleted if main additions forming base for re-assessment couldn’t be sustained

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