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However, the group lacked a charter and its governance structure was poorly defined, leading to instances where the team was not activated within the necessary timeframe.
The FDIC has a history of high-profile and embarrassing cybersecurity failures dating back to at least 2010, when officials suspect hackers associated with the Chinese military infiltrated the agency's network.
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I have had a discussion lately on the topic whether penalty u/s 271B is imposable in case the audit report u/s 44AB is obtained within the due date of filing the ITR u/s 139 but the ITR is filed after such due date?
However, the report of audit should not be attached with the return or furnishes separately any time before or after the due date.
The assessee should retain the report with himself.
Overall the agency has confirmed or suspects that it was compromised 54 times within that time period.
However, if the audit report has not been obtained before the due date, provisions of section 271B shall continue to be attracted." There is no Penalty attracted if the Tax Audit Report is not submitted along with the Income Tax Return on or before the due date.
However , if the Tax Audit report has not been obtained from the CA on or before the due date of filing return of Income, Penalty under section 271 B shall be attracted.
There are also links to the full-text of journal articles where a journal article appears on Business Source Corporate, the EBSCO database.
An Inspector General's audit found that the Federal Deposit Insurance Corporation's protocols for responding to a data breach aren't being followed, even as the agency has faced dozens of security incidents in the past two years.
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The Due date for furnishing Audit report u/s 44AB to the Income Tax Department is also 30th september every year which also has been extended to 15th october this year.