Two firms but audit of the second was not conducted , will he be liable to penalty u/s 271B?

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..... during assessment proceedings the second firm's profit was calculated as per sec 44AD . - Two firms but audit of the second was not conducted , will he be liable to penalty u/s 271B? - Query S .....

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..... tarted By: - CHAMAN BANTHIA Dated:- 25-2-2019 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - ta .....

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..... xmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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