Penalty u/s.271B - Failure to get accounts audited - reasonable cause - assessee was under a bona fide...

Penalty u/s.271B - Failure to get accounts audited - reasonable cause - assessee was under a bona fide belief that the commission income for the year under consideration was less than ₹ 40 lacs; hence under that impression he has not obtained the audited accounts - penalty waived - AT .....

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