Penalty u/s 271B

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..... An assessee got his accounts audited u/s 44AF of the Income Tax Act, 1961 for assessment year 2007-2008 but could not file the income tax return.Whether penalty u/s 271B of the Act can be lev .....

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..... ied by tho ITO ? - Reply By Surender Gupta - The Reply = Penalty under section 271B is applicable for Failure to get account audited u/s 44AB only. Sub section (5) of section 44AF refers to .....

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..... provisions of section 44AB . I believe that the issue is debatable and you may get favor at appropriate level and escape penalty. - Penalty u/s 271B - Query Started By: - madhu tapuriah Dated:- 7- .....

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..... 2-2008 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanageme .....

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..... ntindia.com - TMI - TaxTMI - TMITax .....

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