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

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..... Two firms but audit of the second was not conducted , will he be liable to penalty u/s 271B?
Query (Issue) Started By: - CHAMAN BANTHIA Dated:- 25-2-2019 Income Tax
Income Tax
during assessm .....

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..... ent proceedings the second firm's profit was calculated as per sec 44AD.
Discussion Forum - Knowledge Sharing .....

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