Delay in submitting tax audit report

Shiv (.) (52 Points)

28 June 2014  

Hi,

One of the assessee has not got the books audited and submitted the Tax Audit Report for AY 2013-14 though he falls under Tax Audit. 

If the assessee submits Tax Audit Report u/s 44AB now, will the penalty u/s 271B attract?

Thanks in Advance...